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Thunderful Group: Expanding the Indie Network - Redeye

Redeye comments on Thunderful's acquisition of Robot Teddy. A niche consultancy firm with an EBIT margin north of 80%. The acquisition adds roughly 20% to Thunderful Groups 2021E EBITA from the Games segment and looks to be a good acquisition besides being EBITA accretive.

Redeye comments on Thunderful's acquisition of Robot Teddy. A niche consultancy firm with an EBIT margin north of 80%. The acquisition adds roughly 20% to Thunderful Groups 2021E EBITA from the Games segment and looks to be a good acquisition besides being EBITA accretive.
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