Netflix has offered to buy publicly listed Finnish Next Games, the mobile games company said in a statement on Wednesday. “We are excited for Next Games to join Netflix as a core studio in a strategic region and key talent market, expanding our internal game studio capabilities," said Netflix’s Vice President of games Michael Verdu.
Shares in Next Games surged 119% to 2.04 euros.
Netflix Announced Plans to Acquire Next GamesRead the full release: https://t.co/xt6IHD395z
— Next Games (@nxtgms) March 2, 2022
After entering the mobile gaming market last November, the streaming giant is now planning to invest 65 million euros ($72.08 million) in Next Games, an offer recommended by the mobile game company’s board of directors, the statement read. The offer would mean a price of 2.1 euros per share, more than double the share’s closing price of 0.93 euros on Tuesday in Nordic First North stock exchange.
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The companies said they expect the transaction to close by end of June.
($1 = 0.9018 euros)
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