Media and Games Invest SE has acquired the mobile games developer AxesInMotion for a fixed purchase price of EUR 55 million plus certain earn-out payments depending on performance.
AxesInMotion, established in 2014 and based in Seville (Spain), is a leading free-to-play mobile games developer with a strong portfolio of visually stunning racing games that have generated over 700 million downloads worldwide.
Media and Games Invest SE is an advertising software platform with strong first party games content. The company's main operational presence is in Europe and North America, and its shares are listed on Nasdaq First North Premier Growth Market in Stockholm and in the Scale segment of the Frankfurt Stock Exchange.
Baker McKenzie acted as legal adviser to Media and Games Invest SE with an international team consisting of Jorge Adell, Laura García-Fuster and Mireia Sabaté in Spain, supported by Joakim Falkner in Sweden.