Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with a few weeks of delay.
Tencent acquires Swedish game studio Sharkmob
May 22, 2019

Chinese conglomerate Tencent has acquired Swedish game developer Sharkmob for an undisclosed price. Sharkmob has during its lifespan raised SEK 20m from investment firm LMK and a group of private investors. The company has 60 FTEs and reported revenues of SEK 10m with EBITDA of SEK -12m in its latest financial report from 2017.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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