MGI acquires digital ad platform Smaato from China's QS Funds for $166m

MGI acquires digital ad platform Smaato from China's QS Funds for $166m

Photo by Adem AY on Unsplash

Media and Games Invest SE (MGI), a digital games and media firm mainly operating in Europe and North America, has acquired global in-app advertising platform Smaato from Chinese private equity firm QS Funds for 140 million euros ($165.8 million).