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) mtg.com
Oliver Carrà, Public Relations Director Direct: +46 708 666 433, oliver.carra (at) mtg.com
About MTG AB
MTG (Modern Times Group MTG AB (publ.)) (www.mtg.com) 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’).
Azerion (azerion.com) is a tech company in the media and entertainment business.
Azerion: content, reach, revenue, engagement — a million possibilities