As Finland mulls joining Nato in the wake of Russia’s unprovoked invasion of Ukraine, another bit of M&A is going down in the country. Today Netflix announced that it would be acquiring Next Games, a developer of mobile games in the country for a total value of €65 million ($72 million). Next Games is listed on the public markets in Helsinki, and the deal is being done as an all-cash share purchase at €2.10 in case per share. The board of the gaming company has already approved the deal and is recommending it to shareholders although it has yet to be completed but is expected to close in Q2 2022.
The deal is part of Neflix’s bigger strategy to build out its gaming content as a complement to its video catalogue and Next Games is a perfect fit. THE free-to-play mobile games publisher already has developed titles related to some of Netflix’s biggest draws, such as…
