IT House reported on March 2 that Netflix (Netflix / Netflix) has reached a merger agreement to acquire Finnish game developer Next Games, which is expected to close in the second quarter of 2022.
Under the agreement, Netflix is about to launch a takeover offer to acquire all of Next Games' issued and outstanding shares. Under the Offer, Next Games shareholders will receive €2.10 per share of Next Games in cash, with a total value of approximately €65 million. Next Games' Board of Directors unanimously decided to recommend to shareholders accept the Tender Offer.
"Next Games has an experienced management team with a strong track record of mobile gaming and strong operational capabilities," said Michael Verdu, vice president of Netflix Games, "and we are thrilled that Next Games has joined Netflix as a core studio in strategic areas and key talent markets, expanding the capabilities of our in-house game studios." 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 delight our members around the world." ”
Originating in the United States, Netflix is an OTT service company that provides online video-on-demand in multiple 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 to the delivery address specified by the consumer.
IT House learned that Netflix closed yesterday at $386.24 per share, with a market capitalization of about $171.476 billion.