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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