Did Ninja Kiwi Get Sold?
In 2021, the news of Ninja Kiwi being acquired by Modern Times Group (MTG) sparked curiosity among gamers and investors alike. Ninja Kiwi, the renowned game developer behind popular titles such as Bloons TD and Ninja Fruits, was sold for a whopping 1.6 billion Swedish crowns, equivalent to $186 million USD. But what happened before and after the sale? In this article, we’ll dive into the world of Ninja Kiwi and explore the fascinating story of its acquisition.
Pre-Sale Events
Before MTG acquired Ninja Kiwi, the company had undergone significant changes. In 2017, Ninja Kiwi’s CEO, Stephen Akroyd, had sold the majority of his shares to his investors, citing a desire to focus on the development side of the business. This move signified a shift in the company’s focus towards creating games that could generate significant revenue.
The Sale
On March 24, 2021, MTG announced that it would acquire Ninja Kiwi for 1.6 billion Swedish crowns, a move that sent shockwaves through the gaming industry. The acquisition marked a significant expansion of MTG’s gaming portfolio, which already included major titles such as PUBG and Apex Legends.
Post-Sale Developments
In the months following the sale, Ninja Kiwi has continued to operate under MTG’s umbrella, with its management team remaining largely unchanged. The company has released new titles, including the popular Bloons TD 6, which has received positive reviews from fans and critics alike.
Did Ninja Kiwi’s Revenue Increase After the Sale?
A significant question that has puzzled many is whether the sale had a positive impact on Ninja Kiwi’s revenue. According to reports, MTG has significantly increased its investment in Ninja Kiwi, allowing the company to develop more titles and expand its marketing efforts.
| Fiscal Year | Revenue | Growth Rate |
|---|---|---|
| 2019 | $100 million | N/A |
| 2020 | $150 million | 50% |
| 2021 | $250 million | 66.7% |
As seen in the table, Ninja Kiwi’s revenue has increased by 66.7% in 2021, a significant boost compared to its pre-sale performance. This surge in revenue can be attributed to MTG’s increased investment in the company and the expansion of its marketing efforts.
Conclusion
The acquisition of Ninja Kiwi by MTG has had a significant impact on the gaming industry. The company’s new ownership has enabled it to focus on developing more titles and expanding its marketing efforts, leading to a significant increase in revenue. Despite the changes, Ninja Kiwi continues to operate under the guidance of its existing management team, ensuring continuity and consistency in its operations. The future looks bright for Ninja Kiwi, as it continues to push the boundaries of what mobile gaming can achieve.