6 months 3 weeks ago
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Modern Times Group has acquired a majority stake in Snowprint Studios for an undisclosed sum.
The acquisition will see the digital entertainment company provide the Swedish-based studio with tools and knowledge to help it "diversify [its] revenues and expand [its] player base," said MTG group president and CEO Maria Redin.
"Snowprint Studios brings great experience in developing, launching, and growing mobile games as well as the proven ability to work successfully with global entertainment IP owners like Games Workshop and the Warhammer 40,000 franchise," Redin added.