Stillfront Group: Attractive price for KIXEYE

Research Note

2019-06-04

00:32

Yesterday after the market had closed, Stillfront announced yet another acquisition. This time it is the US-based MMORTS developer KIXEYE. The acquisition multiple is attractive, and we do believe the transaction is directly value-adding. Stillfront continues to make smart M&A, and the game portfolio momentum is strong. We raise our Base-case following the announced transaction.

KL

TO

Kristoffer Lindström

Tomas Otterbeck

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