Spin Master to acquire Nørdlight.

Spin Master, a global children's entertainment company, agreed to acquire Nørdlight, a digital game studio based in Stockholm, Sweden. Financial terms were not disclosed. "The pace of innovation within the children's entertainment space is rapidly changing, and this acquisition is strategically aligned with our long-term target to grow our Digital Games creative centre to up to 20% of Spin Master's total revenue. Leveraging our expanding capabilities and roster of valuable intellectual property, we are well positioned to build engaging, evergreen digital games properties as gaming continues to permeate entertainment time for children," Max Rangel, Spin Master Global President and CEO.