Next Games was founded in 2013 and had 120 employees at the end of 2021. "While we’re just getting started in games, I am confident that together with Next Games we will be able to build a portfolio of world class games that will delight our members around the world," Verdu said. Netflix's gaming boss Mike Verdu said Next Games has a "strong track record" and "solid operational capabilities." Not only that, but buying Next Games was a geographic consideration, Verdu said, describing the European market as a "strategic region and key talent market." The deal should go through, though, as Next Games' Board of Directors unanimously approved it already. Netflix is paying EUR 65 million ($72.3 million USD) to acquire all outstanding shares of Next Games, pending standard closing conditions. This is just the latest gaming studio acquisition from Netflix, following its purchase of Oxenfree studio Night School in 2021. The buyout isn't totally surprising, as Netflix is planning to do more in the gaming space and has already worked with Next Games on the game Stranger Things: Puzzle Tales. Netflix has acquired another gaming studio, this time snapping up the Helsinki-based Next Games.
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