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Netflix snaps up Finnish Stranger Issues sport developer

Netflix snaps up Finnish Stranger Issues sport developer

LOS GATOS (BLOOMBERG) – Netflix supplied to purchase a Finnish cellular video games studio that’s making a title based mostly on the previous’s hit streaming sequence Stranger Issues.

The US firm stated in an announcement on Wednesday (March 2) it had supplied 2.10 euros (S$3.16) a share for Subsequent Video games Oyj in a take care of a complete fairness worth of about 65 million euros. It has been unanimously advisable by the Subsequent Video games board, it stated.

Shares of the Finnish firm jumped greater than 120 per cent in Helsinki to commerce according to the provide worth.

The deal is one other signal Netflix is advancing on its ambition to make video video games an essential extension of its on-line streaming enterprise.

Final yr, it employed Mr Mike Verdu as president of video games improvement and in November launched its first 5 cellular titles, and in September stated it had acquired its first sport developer, Evening College Studio.

Netflix and Subsequent Video games already work collectively on Stranger Issues: Puzzle Tales, a story-driven puzzle position taking part in sport impressed by certainly one of Netflix’s most watched sequence, styled to resemble a Nineteen Eighties Saturday morning cartoon.

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