Netflix announced that it has reached a merger agreement to acquire Finnish game developer Next Games, which is expected to be completed in the second quarter of 2022.
Under the agreement, Netflix is about to launch a tender offer to acquire all issued and outstanding shares of Next Games. Under the offer, Next Games shareholders will receive 2.10 euros per share in Next Games in cash, for a total value of approximately 65 million euros.
The Next Games board of directors has unanimously decided to recommend that shareholders accept the tender offer. Next Games has an experienced management team with a strong track record in mobile gaming and strong operational capabilities, said Michael Verdu, vice president of gaming at Netflix.
We are delighted to have Next Games join Netflix as a strategic regional and key player A core studio for the talent market, expanding the capabilities of our in-house game studio. While our games are just getting started, I believe that together with Next Games, we will be able to build a world-class portfolio of games that will delight our members around the world feel happy.
Netflix is an OTT service company that originated in the United States and provides online video-on-demand in many countries, and also operates a single-rate mail-in DVD rental service in the United States, which uses return envelopes to send DVDs and Blu-ray rental discs to consumers. ‘s delivery address.
Netflix closed at $386.24 per share yesterday, with a market value of about $171.476 billion.