Freaks 4U Gaming Fully Acquired by Nodwin Gaming
Freaks 4U Gaming announces that Nodwin Gaming has increased its ownership in the Berlin-based agency to 100 per cent through a share swap valued at 30.3 million Euros. Just a few days ago, CEO Michael Haenisch announced that the company would have to make further job cuts in the current difficult market environment.
Freaks 4U Gaming announced that it has entered into definitive agreements with Singapore-based Nodwin Gaming International, a subsidiary of Nodwin Gaming Private Limited (a subsidiary of Nazara Technologies), to increase its existing 13.51 per cent stake in the company to 100 per cent in tranches through a share swap valued at up to 30.3 million Euros. Freaks 4U Gaming will become part of Nodwin Gaming. The Berlin-based company will become "a key driver of the group's collective capabilities, adding emerging market expertise to its core business," according to the announcement.