Skip to main content

MTG Increases Ownership In InnoGames To Fifty One Percent


InnoGames gets 51% ownership increase from MTG with more details announced.


MTG has increased its ownership in InnoGames, the developer of browser and mobile games, to 51%. MTG announced its initial 21% investment in Hamburg-based InnoGames in October 2016. InnoGames is the creator of six successful online games including Forge of Empires, Tribal Wars and Elvenar. MTG has invested EUR 82.6 million for the additional shares, based on the same enterprise value of EUR 260 million for 100% of the business as for the original investment. MTG will fully consolidate InnoGames with effect from May 1.

InnoGames has generated compound annual revenue growth of more than 20% over the past three years, and 25% growth in 2016 to EUR 130 million. The acceleration is being driven by the mobile gaming segment, with more than half of all new InnoGames user registrations being on mobile platforms, and several new mobile-only titles currently in development. InnoGames reported an EBITDA margin of approximately 20% and an EBIT margin of approximately 16% in 2016.

Jørgen Madsen Lindemann, MTG President and CEO: "Revenues in the global gaming industry are expected to reach USD 113 billion by 2018, and mobile and PC games represent 45% of this and are the fastest growing segment. InnoGames is a great business with great products, and is already performing above our expectations when we made our original investment. We have got to know the talented InnoGames team very well over the past six months and are impressed with the strategy, culture, performance and management of the business."

Hendrik Klindworth, InnoGames CEO: "The next chapter of the InnoGames story starts today. We established InnoGames to make great games that people want to play for decades, and we have already created six games played by millions of gamers every single day. With MTG on board, we will keep our entrepreneurial spirit and unique culture, while bringing our new games to an even bigger global audience."

Arnd Benninghoff, MTG EVP and MTGx CEO: "Gaming will become an increasingly important area for us as it is one of the fastest growing forms of digital entertainment and complements our esports and MPN businesses. InnoGames is the first step in the development of this third digital vertical for MTGx and is an excellent fit with our strategy to become a global digital entertainer. We look forward to building an even more successful company together."

Popular posts from this blog

Blood, Screams, and Southern Nightmares: Inside PV Slaughterhouse’s Reign of Terror in Rainsville, Alabama

If you’re brave enough to step inside a real-life slaughterhouse after dark, PV Slaughterhouse in Rainsville, Alabama, is ready to test your limits. This homegrown haunt isn’t just spooky—it’s southern fried terror at its finest. With $25 tickets at the door, you’re buying entry to an immersive nightmare that proves small-town scares can pack big-time chills. What began as a family-run yard haunt has mutated into one of Alabama’s most notorious horror attractions. Housed inside the former Rainsville Quality Meats building, the walls practically breathe history—and horror. The Tomlinson family, who own and operate the experience, have turned this creepy relic into a blood-soaked maze of screams, strobe lights, and expertly placed scares. The story behind the haunt gives it real grit—you’re not walking through a warehouse pretending to be a slaughterhouse. You’re walking through the real thing. Once you step through the door, the nightmare begins. Actors seem to emerge from the shadows...
Level Up: Read More »

Get Ready, Gamers and Collectors: TCG Con Sand Mountain 2026 is Coming!

  Calling all nerds, geeks, gamers, and collectors! Mark your calendars and clear your schedules because a massive celebration of all things collectible is heading to Alabama. TCG Con Sand Mountain is set to take over the Sand Mountain Park on Saturday, March 21st, 2026, promising a safe and exciting space for enthusiasts of every stripe to come together and celebrate their passions. Event Details at a Glance Date: Saturday, March 21st, 2026 Time: 10:00 AM until 5:00 PM Location: Sand Mountain Park, 1325 S.M.P.A. Albertville, AL 35950 Space: 30,000 sq ft of collectibles heaven Entry: $10 (Kids 12 & under are FREE!) Facebook Event: TCG Con Sand Mountain A Universe of Categories Whether you are a veteran TCG player or a casual fan of pop culture, there is something for everyone. The convention boasts an impressive array of categories, including: Trading Card Games: Pokémon, Magic: The Gathering (MtG), Lorcana, Yu-Gi-Oh!, One Piece, Flesh and Blood, Digimon, Gundam, Dragon Ball Z,...
Level Up: Read More »

Vault 256: Step Into a Post-Apocalyptic Paradise in Alabama

If you’ve ever spent hours wandering the radioactive ruins of the Mojave or the Commonwealth, you’ve probably wondered what it would actually feel like to live inside a Vault-Tec facility. In Madison, Alabama, that fantasy has become a reality. Vault 256 is not just an Airbnb; it’s an immersive, 1,500-square-foot love letter to the Fallout franchise. From the iconic yellow-and-blue color scheme to the meticulously crafted industrial decor, this "Wasteland Escape" offers fans a chance to live out their vault-dweller dreams without the actual threat of a nuclear winter. The Ultimate Gamer’s Retreat Designed for "gamers, geeks, and post-apocalyptic wanderers," Vault 256 comfortably accommodates up to 12 guests. The property features:  3 Bedrooms & 2 Bathrooms: Each room is themed with "grit and charm," ensuring you never break immersion. High-Tech Gaming Amenities: The living area includes multiple consoles and TVs, but the centerpiece is a custom gaming ...
Level Up: Read More »