Spin Master Acquires NArdlight to Enter Casual Digital Gaming Ecosystem.
MANews-(C)2009-2022
Canadian children's entertainment company Spin Master Corp. (TSX: TOY) has acquired Swedish digital game studio NÃrdlight, to to grow revenue and penetrate the digital gaming market, the company said.
Terms of the transaction were not disclosed.
Spin Master initially made a minority investment in NÃrdlight in August 2021 through Spin Master Ventures, an initiative focussed on investing early-stage start-ups, designed to accelerate growth in each of the company's three creative centres.
Twelve months later, this transaction marks the first minority investment to transition into an acquisition.
as well as...
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