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
Disclosures and disclaimers