STOCKHOLM (Reuters) – E-sports and gaming group MTG has agreed to buy mobile games developer Ninja Kiwi for about 1.6 billion crowns ($186 million) to broaden its gaming portfolio, it said on Wednesday.
The Swedish company said in a separate statement that it was raising 1.1 billion crowns in a directed share issue, of which investment firm Atairos would cover about 50%, to finance the deal.
MTG said in January that it had entered a non-binding arrangement to buy an unidentified mobile games developer with an initial purchase price of about $130 million to $150 million.
($1 = 8.5796 Swedish crowns)
(Reporting by Helena Soderpalm; Editing by David Goodman)
