MTG divests portfolio company Zoomin to Azerion

MTG divests portfolio company Zoomin to Azerion

October 28, 2019
10.30 CET
STOCKHOLM, October 28th 10.30am CET 2019 — Modern Times Group MTG AB (MTG) has sold 100 percent of its ownership in Zoomin to Azerion.

MTG has sold its portfolio company Zoomin to Azerion, a leading Dutch-based  European technology company in media and entertainment. The transaction sees 100% of MTG’s ownership in Zoomin divested.

In the first six months of 2019, Zoomin delivered net sales of SEK 50 million and EBITDA of SEK -34 million. As a result of the transaction, MTG will report a net loss of approx. SEK 80 million in Q4 2019 and will further reclassify the business segment “Other” to “Discontinued operations”.


For more information:  Lars Torstensson, EVP Communications & Investor Relations  Direct: +46 (0)702-734 879, lars.torstensson (at)  

Oliver Carrà, Public Relations Director Direct: +46 708 666 433, oliver.carra (at)

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About MTG AB  

MTG (Modern Times Group MTG AB (publ.)) ( is a strategic and operational investment holding company in esports and gaming entertainment. Born in Sweden, the shares are listed on Nasdaq Stockholm (‘MTGA’ and ‘MTGB’).

 About Azerion

Azerion ( is a tech company in the media and entertainment business.

  • Hundreds of millions of people play our games.
  • Advertisers reach massive audiences and targeted groups with our tech
  • Publishers earn top revenue with our tech and engage quality audiences with our content
  • Uniquely, Azerion works across these groups. We spot synergies, find efficiencies and weave together the best strands from our business for each of our users.

Azerion: content, reach, revenue, engagement —  a million possibilities

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