A win for InnoGames as MTG acquires Eight Roads Ventures stake for $100M

 InnoGames, the Hamburg-based developer and publisher of successful browser games such as Elvenar, Tribal Wars, The West, and Grepolis, is going to the next level. MTG (Modern Times Group), the Swedish digital entertainment company, has acquired a 35% stake in the company for an estimated $100 million, valuing the company at $287 million. MTG also has the option to acquire a 51% stake in the… Read More