M&A Deal Summary

Netflix Acquires Next Games

On March 2, 2022, Netflix acquired information technology company Next Games for 65M EUR

Acquisition Highlights
  • This is Netflix’s 1st transaction in the Information Technology sector.
  • This is Netflix’s largest (disclosed) transaction.
  • This is Netflix’s 1st transaction in Finland.

M&A Deal Summary
Date 2022-03-02
Target Next Games
Sector Information Technology
Buyer(s) Netflix
Deal Type Add-on Acquisition
Deal Value 65M EUR

Target

Next Games

Helsinki, Finland
Next Games is a software developer that creates games based on popular entertainment franchises such as movies and TV shows. The company published two critically acclaimed The Walking Dead games and the latest game, Stranger Things: Puzzle Tales, is based on Netflix’s hit 80s horror drama series. Next Games was formed in 2013 and is based in Helsinki, Finland.

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Buyer(S) 1

Buyer

Netflix

Los Gatos, California, United States
Category Company
Founded 1997
Sector Digital Media
Employees13,000
Revenue 33.7B USD (2023)
DESCRIPTION
Entrance to Netflix's corporate headquarters in Los Gatos, California.
Entrance to Netflix's corporate headquarters in Los Gatos, California.

Netflix is an internet-based provider of entertainment. Through subscriptions, Netflix offers consumers online content including TV shows and movies. Netflix was formed in 1997 and is based in Los Gatos, California.

DEAL STATS #
Overall 5 of 5
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 5 of 5
Country (Finland) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 Night School Studio

Glendale, California, United States

Night School Studio is an independent game developer known for player-driven narratives that combine wonder, danger, and humor. Night School Studio is based in Glendale, California.

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