Nitro Games: A Fair Chance to Realize its Vision
Research Update
2020-05-05
07:30
Redeye views the new partnership with Nordisk Film Games as very positive in building a strong team and execute on the new strategic focus. However, we estimate these investments will result in a negative cash-flow for the next few years. We believe Nordisk Film Games will acquire Nitro Games in 1-3 years. The timing of the acquisition and the price tag will depend on how well the company will realize its vision.
TO
KL
Tomas Otterbeck
Kristoffer Lindström
Disclosures and disclaimers