Thunderful acquires Robot Teddy, forms new investment pillar

Originally published on GamesIndustry.biz by Danielle Partis

Share this article

Swedish holding company and publisher Thunderful Group has acquired games consultancy firm Robot Teddy as part of plans to create a new funding-focused arm.

The new pillar, named Thunderful Investment, joins the company’s two other key areas – games development and publishing. Thunder Investment will be led by Robot Teddy under the acquisition.

The deal consists of a £7 million initial cash consideration, and a further £3 million in shares to reinvest in Thunderful, bringing the total consideration to £10 million. Additional earn-out components of a maximum of £12 million may also be paid out if financial targets are

Continue reading article by clicking here...