Announced
Completed
Financials
Tags
Acquisition
Completed
Gaming
Russian Federation
Single Bidder
video game publisher
Cross Border
Private
Friendly
Majority
Synopsis
Enad Global 7, a Swedish video game holding company, completed the acquisition of Innova Intellectual Properties, a video game publisher, for €110m ($134m). The acquisition rationale for EG7 is Innova’s extensive and diversified portfolio of well-known titles with long-term cash-flows, its established presence in Asia and its expertise in said market, its valuable proprietary technology including its own game distribution platform, and a promising future pipeline.
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