Netflix, Inc. (NasdaqGS:NFLX) made an offer to acquire Next Games Oyj (HLSE:NXTGMS) for €63.1 million on March 1, 2022. The Tender Offer values Next Games' total equity at approximately €65 million. The Offeror's obligation to complete the Tender Offer is not conditional upon availability of financing. The completion of the Tender Offer is subject to the satisfaction or waiver by the Offeror of certain customary conditions on or prior to the Offeror's announcement of the final result of the Tender Offer and the Offeror having gained control of more than 90 percent of the Shares and votes in Next Games on a fully diluted basis. Jari Ovaskainen and AMC Networks Ventures LLC, together representing in aggregate approximately 43.3% of the Shares and votes in Next Games, have irrevocably undertaken to tender into the Tender Offer, subject to certain customary condition. The offer period under the Tender Offer is expected to commence on or about March 14, 2022 and to expire on or about April 8, 2022, unless the Offeror extends the offer period to satisfy the conditions to completion of the Tender Offer. Tender offer is subjected to he receipt of all approvals, permits, consents, clearances or other actions by any competition authorities or other regulatory authorities required under any applicable competition laws or other regulatory laws in any jurisdiction for the completion of the Tender Offer. The Board of Directors of Next Games, has unanimously decided to recommend that the shareholders of Next Games and holders of Stock Options accept the Tender Offer. The Tender Offer is currently expected to be completed during the second quarter of 2022. The completion of the Tender Offer is not expected to have any immediate material effects on the operations or the position of the management or employees of Next Games. The Offeror intends to change the composition of the Board of Directors of Next Games after the completion of the Tender Offer.

Goldman Sachs & Co. LLC acted as financial adviser, Danske Bank A/S, Finland Branch acted as arranger and Juha Koponen, Johannes Piha, Päivi Kuitunen, Asko Lindqvist, Aksu Tuominen, Erkko Korhonen and Jani Syrjänen of Borenius Attorneys Ltd acted as legal adviser to Netflix. LionTree Advisors LLC and Alexander Corporate Finance Ltd as the financial advisers and MERJA KIVELÄ, PAULIINA TENHUNEN, KIM PARVIAINEN and SUZANNE SIMON-BELLAMY of Castrén & Snellman Attorneys Ltd as the legal adviser to Next Games Oy. Maria Lehtimäki of Waselius & Wist acted as legal adviser to AMC Networks Ventures, LLC.

Netflix, Inc. (NasdaqGS:NFLX) completed the acquisition of 93.456686% of Next Games Oyj (HLSE:NXTGMS) on April 8, 2022. As of April 20, 2022, The Offeror has decided to exercise its redemption right pursuant to the Finnish Companies Act and to redeem all the Shares held by any other remaining shareholders of Next Games. To implement the redemption of the remaining Shares, the Offeror will initiate arbitration proceedings as soon as possible as provided in the Finnish Companies Act.