InnoGames

MTG ups stake in games firm

Modern Times Group has invested €82.6 million (US$90.2 million) to increase its shareholding in mobile and browser-based games company, InnoGames, from 21% to 51%. The agreement comes after MTG said in January that it would use the proceeds of the sale of its stake in Czech free-to-air broadcaster Prima to top-up its investment in InnoGames. […]

MTG moves into online gaming

Modern Times Group has moved into online gaming by buying a 35% stake in German online games developer and publisher, InnoGames. The deal, which values InnoGames at €260 million (US$287 million), will see MTG take the stake from Eight Roads Ventures, and the company’s founders with the option to buy a further 16% at the […]