Portfolio update: Snap projects expected to discontinue
Nitro Games does not expect a direct financial impact as a result of Snap.Inc restructuring their business.Nitro Games has learned that Snap.Inc has decided to discontinue investments on several fronts, including games, as part of the restructuring of their business. The expected direct financial impact to Nitro Games as a result of this is estimated to be less than 100,000 EUR and therefore not significant. “Unfortunately, we’ve learned that Snap.Inc is restructuring their business. This is not impacting our roadmap or goals for the year. We thank them for the collaboration and wish