Browse categories
Business Updates Regulatory and Ad-hoc The MGI Newsletter
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

Thursday, October 1, 2020 — 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
[email protected]
[email protected]
www.mgi.group

About MGI - Media and Games Invest SE

MGI - Media and Games Invest SE (MGI) operates a fast-growing, profitable ad-software platform that matches global advertiser demand with publisher ad-supply while improving results through first party data from own games. MGI’s main operational presence is in North America and Europe. Through investments in organic growth and innovation, as well as targeted M&A, MGI has built a one-stop shop for programmatic advertising, enabling companies to buy and sell ad space across all digital devices (mobile apps, web, connected TV and digital out of home), with the mission to make advertising better. MGI is registered as Societas Europaea in Sweden (registration number 517100-0143) and its shares are listed on Nasdaq First North Premier Growth Market in Stockholm and in the Scale segment of the Frankfurt Stock Exchange. The Company has two secured bonds that are listed on Nasdaq Stockholm and on the Frankfurt Stock Exchange Open Market. The Company's certified advisor on Nasdaq First North Premier Growth Market is FNCA Sweden AB; [email protected].

MGI - Media and Games Invest SE
Stureplan 6
114 35 Stockholm
Sweden