Tivola Games divests the mobile games portfolio for ca 8.2 million SEK
Jumpgate´s portfolio company Tivola Games has entered into an agreement with Trophy Games to divest the mobile games portfolio for ca 8.2 million SEK (0.7 million EUR). The portfolio comprises the company´s game titles that are based on a free-to-play model. The sales price exceeds the book value of the portfolio. “Tivola Games has, in line with the rest of the Jumpgate group, been through a significant transformation lately because of the strategic focus on premium games for primarily PC and console. We no longer have the organization in place which is needed to support the free-to-play