Nitro Games: Phase Two in the Relationship
Today Nitro Games announced that Nordisk Film Games becomes the largest shareholder in the company. SEK 25 million has been invested through in a directed share issue and SEK 20 million in a convertible loan. The share issue will result in a dilution of approximately 40% for existing shareholders. Recently we wrote a comment named “Looks like the Beginning of a Beautiful Friendship”.
Nordisk Film Games own Avalanche Studios which means this is phase two in this “Beautiful Friendship” according to us..