Media and Games Invest plc; Closing of the share purchase and transfer agreement with freenet AG for the acquisition of freenet digital GmbH successfully concluded

Media and Games Invest plc; Closing of the share purchase and transfer agreement with freenet AG for the acquisition of freenet digital GmbH successfully concluded

October 01, 2020 - Media and Games Invest plc (Frankfurt Stock Exchange: M8G), (Nasdaq First North Premier Growth Market: M8G) ("MGI" or the "Company"), has concluded the closing of the share purchase and transfer agreement with freenet AG for the acquisition of freenet digital GmbH as planned.

"We are pleased about the successful closing and looking forward to the integration of freenet digital. The acquisition and integration will strengthen our mobile games business and will enable us to increase the share of mobile gaming revenues from 1% to approx. 10% in the fourth quarter. The expansion into the fast-growing mobile gaming market is a strategically logical step for MGI. In the competitive mobile gaming market, the competition for players is enormous and user acquisition is the key success factor. MGI's media segment has a strong focus on user acquisition for mobile games which will strengthen our organic growth of our acquired mobile games portfolio. In addition to further acquisitions, we will also leverage the potential of our existing games and port some of our gaming IPs to mobile like other gaming companies have done it very successfully," said Remco Westermann, CEO.

About Media and Games Invest plc

Media and Games Invest plc is a digital games company with main operational presence in EMEA and North America. The Company has an active position in games supported by a media unit for user acquisitiom. MGI follows a "Buy, Integrate, Build and Improve" strategy through organic growth and acquisitions. MGI has successfully acquired over 30 companies and assets over the past six years. The Company's shares (M8G) are listed in the Scale segment of the Frankfurt Stock Exchange and starting from 6 October also on Nasdaq First North Premier Growth Market, Stockholm.

For further information, please contact:
Remco Westermann
President and CEO
+49 40 411 885206

Sören Barz
Head of Investor Relations, Germany
+49 170 376 9571
soeren.barz@mgi.group
info@mgi.group
www.mgi.group

About Media and Games Invest

Media and Games Invest plc (MGI), is a fast-growing and profitable company operating in the digital games sector with a strong supportive media unit and a focus on North America & EMEA. The company combines organic growth with value-accretive acquisitions, delivering strong and sustainable earnings growth. Since 2014 the MGI Group has successfully acquired more than 30 companies and assets which are integrated onto our platform, exploiting efficiency-enhancing technologies such as the cloud. The Company's shares are listed on Nasdaq First North Premier Growth Market in Stockholm and the Scale segment of the Frankfurt Stock Exchange.

The Company's certified advisor on Nasdaq First North Premier Growth Market is FNCA Sweden AB; info@fnca.se, +46-8-528 00 399.

Media and Games Invest
St. Christopher Street 168
Valetta VLT 1467
Malta