Netflix Agrees to Buy Finnish Mobile Games Company for $72.2M
Netflix signed a “combination agreement” to buy Finnish mobile games developer Next Games for about 65 million euros ($72.2 million), said Netflix Wednesday. Next Games generated 2020 revenue of about 27.2 million euros ($30.2 million), 95% of it from in-game…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
purchases, said Netflix. It described Next Games as “a core studio in a strategic region and key talent market,” and said the acquisition will expand its “internal game studio capabilities.” The transaction is expected to close in Q2. Netflix entered mobile gaming in midsummer, calling the foray an extension of its “core entertainment offering” (see 2107210022).