Netflix enters deal to acquire Finland's Next Games
The deal will be financed in cash through the purchase of Next Games' shares and has already been recommended by the gaming company's board of directors, Netflix said.
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The deal will be financed in cash through the purchase of Next Games' shares and has already been recommended by the gaming company's board of directors, Netflix said.
Under this deal, Netflix is looking to acquire Next Games for Euro 65 million (approximately Rs 550 crores), according to an offer recommended by the company's board of directors.
Next Games´ shares, listed on the Helsinki Stock Exchange, soared nearly 120 percent following the announcement.
Next Games creates and operates mobile games based on popular entertainment titles.
HELSINKI (dpa-AFX) - Netflix, Inc. (NFLX) announced Wednesday that it has entered into a combination agreement to acquire Finnish mobile game maker Next Games Oyj for a total equity value of around