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MTG invests EUR 83 mln to raise InnoGames stake to 51%

Tuesday 2 May 2017 | 11:51 CET | News
Modern Times Group (MTG) has announced that it has gone ahead with its plan to raise its stake in InnoGames from 21 percent to 51 percent, investing EUR 82.6 million to do so. InnoGames is the creator of six successful online games including 'Forge of Empires', 'Tribal Wars' and 'Elvenar' .InnoGames generated 25 percent revenue growth to EUR 130 million in 2016 with an EBITDA margin of approximately 20 percent and EBIT margin of approximately 16 percent.

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Categories: Internet
Companies: InnoGames / Modern Times Group
Countries: Germany / Sweden
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