E-sports and gaming group MTG is buying New Zealand mobile games developer Ninja Kiwi for $266 million.
Photo: 123RF
The Swedish company, which has a $US1.3 billion market cap, said in a statement that it wanted to broaden its gaming portfolio.
"After completing the acquisition, MTG holds strong positions in the city building and strategy genres through InnoGames, mobile racing through Hutch, idle games through Kongregate and tower defence through Ninja Kiwi."
Ninja Kiwi is privately owned and based in Auckland, and its games include the Bloons Tower Defense games.
MTG recently established a new holding company for its gaming business, MTG Gaming, to hold acquisitions - such as Hutch and Ninja Kiwi - and all its shares in gaming firms InnoGames and Kongregate.
MTG had said in January that it had entered a non-binding arrangement to buy an unidentified mobile games developer with an initial purchase price of around $US130-$US150 million.
- RNZ / Reuters