Swedish entertainment giant MTG invests €91 million in InnoGames
The Hamburg-based gaming company InnoGames received €91 million from the Swedish entertainment giant MTG and handed out 35 per cent of its company’s shares. MTG also secured the option of increasing to 51 per cent at the same valuation. What started in 2003 as a hobby for two brothers, Eike and Hendrik Klindworth, and their friend, Michael Zimmler, became a serious business four years later. Today, over 400 employees work for the company. InnoGames says it has over 150 million registered users and expects a turn over €125 million this year.