MAG Interactive (publ) acquires Swedish game developer Apprope
The company expands in the word puzzle category by acquiring the Swedish game studio Apprope.Stockholm, Sweden - 21 December 2020 - MAG Interactive announces today the acquisition of the Swedish game studio Apprope through an initial cash purchase price of SEK 50 million on the day of closing with an additional purchase price of a maximum of SEK 50 million based on profits for the next three years. The purchase is financed through existing cash and bank financing. Closing takes place 4 January 2021. Apprope is a Swedish mobile game developer, founded in 2012. The company develops games