MTG acquires leading tower defense gaming studio and publisher Ninja Kiwi, the maker of Bloons
STOCKHOLM, March 24 2021 – Modern Times Group MTG AB (publ) (“MTG”) acquires New Zealand-based leading tower defense mobile games developer and publisher Ninja Kiwi Ltd (Ninja Kiwi). The acquisition of Ninja Kiwi marks an important additional step in the journey to reach further organic and acquisitive growth for MTG and is in line with the company’s overall strategy to further build a diversified gaming segment, and stronger GamingCo. The up-front consideration amounts to approximately SEK 1,217 million (NZD 203 million) and earn-out payments at an expected value of SEK 406 million (NZD 68