Mattel (MAT) announced an agreement with its joint venture partner, NetEase (NTES) to acquire full ownership of the Mattel163 mobile games studio. The transaction is expected to be completed by the end of Q1, subject to customary closing conditions. Since its inception in 2018, Mattel163 has released four games based on Mattel IP, Uno!, Uno Wonder, Phase 10, and Skip Bo, with approximately 20M monthly active users and over 550M downloads worldwide. The transaction values Mattel163 at $318M, with a purchase price of $159M for NetEase’s 50% interest. More than half of the purchase cost is expected to be funded from Mattel’s share
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