Thunderful Group Sells Nordic Game Supply Amid Financial Struggles

The sale to a company owned by the acting CEO of Nordic Game Supply aims to improve Thunderful's cash flow and reduce debt.

Thunderful Group has divested its distribution business, Nordic Game Supply, to a company owned by its acting CEO, Henrik Mathiasen, for SEK 76 million ($6.9 million).
The divestment is part of a broader restructuring effort by Thunderful, which includes significant layoffs and asset sales to address financial losses.
Nordic Game Supply, which supplies over 1,500 stores in the Nordic region, has faced profitability challenges, prompting the sale.
The transaction is still subject to shareholder approval, with a complete transition expected soon after.
Thunderful's recent financial report shows a 36% decline in net revenue within its Games segment, highlighting ongoing economic challenges.