# Enad Global 7

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Swedish video game holding company

Enad Global 7 AB Formerly Toadman Interactive AB (2013–2020) Type Public Traded as Nasdaq Stockholm: EG7 ISIN SE0010520106 Industry Video games Founded 2013; 13 years ago (2013) Founders Robin Flodin Rasmus Davidsson Headquarters Stockholm , Sweden Key people Jason Epstein (chairman) Ji Ham (acting CEO) Fredrik Rüdén (deputy CEO, CFO) Revenue 1.923 billion kr[1] (2024) Operating income -138.8 million kr[1] (2024) Net income -236.4 million kr[1] (2024) Total assets 4.915 billion kr[1] (2024) Total equity 3.974 billion kr[1] (2024) Number of employees 546[1] (2024) Website enadglobal7.com

**Enad Global 7 AB** (also known as **EG7**) is a Swedish video game [holding company](/source/Holding_company) based in [Stockholm](/source/Stockholm). It was founded as **Toadman Interactive** in 2013 by Robin Flodin and Rasmus Davidsson as a [work-for-hire](/source/Work-for-hire) consultancy studio. The company began fully developing games in 2017 and became a [public company](/source/Public_company) later that year. Starting in 2018, Toadman Interactive acquired other video game companies, including the developer Antimatter Games, [marketing agency](/source/Marketing_agency) Petrol Advertising, and publisher Sold Out.

In January 2020, Toadman Interactive reformed as Enad Global 7, organising Petrol Advertising, Sold Out, and the renamed Toadman Studios as its direct subsidiaries. Since then, Enad Global 7 has acquired [Big Blue Bubble](/source/Big_Blue_Bubble), [Piranha Games](/source/Piranha_Games), [Daybreak Game Company](/source/Daybreak_Game_Company), and [Innova](/source/Innova_(video_game_company)). In August 2021, the management was replaced with Daybreak Game Company's Ji Ham as acting [chief executive officer](/source/Chief_executive_officer) (CEO) and Fredrik Rüdén as deputy CEO and [chief financial officer](/source/Chief_financial_officer), with Flodin leaving the company and selling all shareholdings by May 2022. Innova was sold off in September 2022 due to the [2022 Russian invasion of Ukraine](/source/2022_Russian_invasion_of_Ukraine). Sold Out was rebranded as Fireshine Games in March 2022.

## History

### Background

Enad Global 7 was founded as Toadman Interactive in 2013 by Robin Flodin and Rasmus Davidsson.[2] Flodin grew up in [Upplands Väsby](/source/Upplands_V%C3%A4sby) and began developing video games at age 11, creating one with a friend each week to play with other friends on the weekends.[3][4] After [serving in the Swedish military](/source/Conscription_in_Sweden), he began studying [video game design](/source/Video_game_design) in [Gotland](/source/Gotland), at the [University of Gotland](/source/University_of_Gotland).[4][5] During his studies, Flodin created multiple games and founded a gaming startup at age 19.[2][4] He and Teddy Sjöström conceptualised the game *[Dwarfs!?](/source/Dwarfs!%3F)* as part of a lecture in late 2009. For its development, they founded the studio Power of 2, of which Flodin was the [chief executive officer](/source/Chief_executive_officer) (CEO).[5] [Tripwire Interactive](/source/Tripwire_Interactive), which Flodin had been acquainted with since 2008, published *Dwarfs!?* in May 2011.[5] It became Flodin's "breakthrough game" and sold more than 250,000 copies by November 2017.[2][4]

In March 2011, Flodin, Davidsson, and Ted Lindström founded Zeal Game Studio, of whom Flodin assumed the role of CEO.[3][6] The studio was co-located with Power of 2 in a small office on Stenkumla väg in [Visby](/source/Visby).[7] By May 2011, Zeal Game Studio had 12 employees, all of them active or former students of the University of Gotland. Due to the small office size, the company was looking to relocate within Visby.[7] In November 2012, Zeal Game Studio employed 30 people in the Visby office (now on Tallundsgatan) and a second office in [Stockholm](/source/Stockholm) (on Kungsholmen). The Visby office was still crowded, which Flodin blamed on limited housing available in Gotland.[3][6] Also in November 2012, Flodin was named Gotland's "Young Entrepreneur of the Year".[6]

[Paradox Interactive](/source/Paradox_Interactive), a Swedish [video game publisher](/source/Video_game_publisher), invested in Zeal Game Studio as a result of the success of *Dwarfs!?*.[6] Under Flodin's leadership, Zeal Game Studio developed two games for Paradox Interactive: *Starvoid* (2011) and *[A Game of Dwarves](/source/A_Game_of_Dwarves)* (2012).[4][6] In December 2012, Flodin and former [Starbreeze Studios](/source/Starbreeze_Studios) executives Nicklas Dunham and Jens Larsson founded Gaming Corps in [Uppsala](/source/Uppsala), which absorbed Zeal Game Studio.[8][9]

### Early years as Toadman Interactive (2013–2017)

In 2013, Flodin and Davidsson decided to "restart" in Stockholm and established Toadman Interactive.[4] The company acted as a consultancy firm for game development on a [work-for-hire](/source/Work-for-hire) basis.[2] Games that the company contributed to include *[Warhammer: End Times – Vermintide](/source/Warhammer%3A_End_Times_%E2%80%93_Vermintide)*, *[Dead Island 2](/source/Dead_Island_2)*, and *[Bloodsports.TV](/source/Bloodsports.TV)*.[2][10] Toadman Interactive began developing its own games in 2017, starting with *[Immortal: Unchained](/source/Immortal%3A_Unchained)*.[2] The studio initially intended to self-publish the game but later partnered with Game Odyssey for the [personal computer](/source/Personal_computer) version and Sold Out for the console versions.[11]

In October 2017, Toadman Interactive announced its plans to become a [public company](/source/Public_company), though Flodin and Davidsson were to retain a majority ownership.[2] Around this time, the company had 25 employees and a second office in [Berlin](/source/Berlin) and had hired Alexander Albedj as [chairman](/source/Chairman).[2][12] By issuing new shares, the company expected to raise 22 million [kr](/source/Swedish_krona). Half of this was subscribed to by early investors, including Paradox Interactive founder Fredrik Malmberg and [Simplygon](/source/Simplygon) founder Martin Ekdal, by November 2017.[12] At the end of the subscription period later that month, 1,230 people had subscribed to the issuing for 83 million kr, wherefore a full share allocation could be undergone.[13] Toadman Interactive planned to start trading on the [NGM Nordic MTF](/source/Nordic_Growth_Market) on 6 December but missed that date.[14] It was approved by the market the day after and commenced trading on 13 December.[15] On its first day on the market, Toadman Interactive's [share price](/source/Share_price) fell by 25%, from 12.90 kr to 9.70 kr.[16]

### Expansion (2017–present)

In December 2017, Toadman Interactive formally registered a [subsidiary](/source/Subsidiary) for its Berlin office and hired Daniel Mesonero as the office's CEO and [studio manager](/source/Studio_manager).[17] In mid-2018, Toadman Interactive acquired the Norwegian studio Artplant.[18] Craig Fletcher, the founder of [Multiplay](/source/Multiplay), infused a 3 million kr investment in August 2018.[18] In September 2018, the company acquired Diskett Interactive Sweden, a game development consulting operation consisting of Andreas Jonsson and Jim Sagevid, for 140,000 kr.[19] Jonsson later served as [chief technical officer](/source/Chief_technical_officer) at Toadman Interactive.[20] *Immortal: Unchained* was released later that month but failed to sell well, reaching a peak [concurrent player count](/source/Concurrent_player_count) of just 235. In response, Toadman Interactive's share price fell by 39%.[21] Later that month, the company hired Birgitta Lönnberg as its [chief financial officer](/source/Chief_financial_officer) (CFO).[22]

Toadman Interactive switched its trading venue from NGM Nordic MTF to [Nasdaq First North](/source/Nasdaq_First_North) in February 2019.[23] In June, the company acquired the studio Antimatter Games and its 21 employees for roughly [US$](/source/United_States_dollar)169,800.[24][25] It also purchased the [marketing agency](/source/Marketing_agency) Petrol Advertising for [US$](/source/United_States_dollar)7.25 million in shares and US$10.75 million in cash that month.[26] Toadman Interactive acquired the assets of Tangentix, including the GameSessions platform, for [£](/source/Pound_sterling)50,000 in October 2019.[27] The company bought Sold Out in November that year, paying £12 million in cash and £4 million in stock, as well as an additional £5.2 million if Sold Out reached certain financial targets by 2020.[28][29]

In January 2020, Toadman Interactive announced the formation of Enad Global 7 as the parent company for Toadman Interactive (which was rebranded Toadman Studios), Sold Out, and Petrol.[30] Artplant and Antimatter Games remained part of Toadman Studios.[31] The move was aimed at clarifying the company's position as a [holding company](/source/Holding_company). "Enad" is a [Swedish](/source/Swedish_language) word meaning "unified" or "united".[32] The reorganisation process was completed on 19 March 2020, when the entity Toadman Interactive AB was legally renamed Enad Global 7 AB and the company's [ticker symbol](/source/Ticker_symbol) changed to "EG7".[33] In November that year, Enad Global 7 acquired two Canadian development studios: [Big Blue Bubble](/source/Big_Blue_Bubble) for [CA$](/source/Canadian_dollar)16 million and [Piranha Games](/source/Piranha_Games) for CA$31.4 million.[34] In December 2020, Enad Global 7 purchased [Daybreak Game Company](/source/Daybreak_Game_Company) for US$300 million.[35] Enad Global 7 bought the Russian publisher [Innova](/source/Innova_(video_game_company)) in February 2021.[36] Sold Out rebranded as Fireshine Games in March 2022.[37]

In August 2021, Flodin was replaced by Ji Ham (the CEO of Daybreak) as acting CEO. Flodin was to stay with the company for six months.[38] Fredrik Rüdén was appointed as deputy CEO and CFO, with Lönnberg now reporting to him.[39] Flodin's last shareholdings were bought out by the company's executives in May 2022.[40] This made Jason Epstein, Daybreak Game Company's former owner, the second-largest shareholder in Enad Global 7. He was named chairman of the company by August.[41] As a result of the [2022 Russian invasion of Ukraine](/source/2022_Russian_invasion_of_Ukraine), Enad Global 7 announced its intent to divest of Innova via a [management buyout](/source/Management_buyout) valued at €32 million and plans to relocate key staff from Artplant's Russian office outside of the country.[42] In September 2022, it announced that it sold Innova to Games Mobile ST for €21 million.[43]

In January 2025, Enad Global 7 shut down Toadman Studios (which had since returned to the Toadman Interactive name) alongside redundancies at Piranha Games.[44]

## References

1. ^ [***a***](#cite_ref-EG7:_AR_2024_1-0) [***b***](#cite_ref-EG7:_AR_2024_1-1) [***c***](#cite_ref-EG7:_AR_2024_1-2) [***d***](#cite_ref-EG7:_AR_2024_1-3) [***e***](#cite_ref-EG7:_AR_2024_1-4) [***f***](#cite_ref-EG7:_AR_2024_1-5) ["Enad Global 7 AB (publ), Org.no 556923-2837, Annual Report, January – December 2024"](https://storage.mfn.se/458d9223-2e27-4671-b788-8aab2560fca5/eg7-annual-report-2024.pdf) (PDF). Enad Global 7. 24 April 2025. [Archived](https://web.archive.org/web/20260329150629/https://storage.mfn.se/458d9223-2e27-4671-b788-8aab2560fca5/eg7-annual-report-2024.pdf) (PDF) from the original on 29 March 2026. Retrieved 29 March 2026.

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1. ^ [***a***](#cite_ref-Helagotland:_Zeal_3-0) [***b***](#cite_ref-Helagotland:_Zeal_3-1) [***c***](#cite_ref-Helagotland:_Zeal_3-2) Eriksson, Lillebi (16 November 2012). ["Robin bygger lag för spel"](https://helagotland.se/start/robin-bygger-lag-for-spel-8062432.aspx) [Robin builds teams for games]. *Helagotland* (in Swedish). [Archived](https://web.archive.org/web/20210103195505/https://helagotland.se/start/robin-bygger-lag-for-spel-8062432.aspx) from the original on 3 January 2021. Retrieved 3 January 2021.

1. ^ [***a***](#cite_ref-Börsvärlden:_Interview_4-0) [***b***](#cite_ref-Börsvärlden:_Interview_4-1) [***c***](#cite_ref-Börsvärlden:_Interview_4-2) [***d***](#cite_ref-Börsvärlden:_Interview_4-3) [***e***](#cite_ref-Börsvärlden:_Interview_4-4) [***f***](#cite_ref-Börsvärlden:_Interview_4-5) ["VD-intervju med emissionsaktuella spelutvecklingsbolaget Toadman Interactive"](https://borsvarlden.com/artiklar/vd-intervju-med-emissionsaktuella-spelutvecklingsbolaget-toadman-interactive/) [CEO interview with current gaming development company Toadman Interactive]. *Börsvärlden* (in Swedish). 7 November 2017. [Archived](https://web.archive.org/web/20210103195511/https://borsvarlden.com/artiklar/vd-intervju-med-emissionsaktuella-spelutvecklingsbolaget-toadman-interactive/) from the original on 3 January 2021. Retrieved 3 January 2021.

1. ^ [***a***](#cite_ref-Helagotland:_Dwarfs_5-0) [***b***](#cite_ref-Helagotland:_Dwarfs_5-1) [***c***](#cite_ref-Helagotland:_Dwarfs_5-2) Eriksson, Daniel (3 May 2011). ["I morgon släpps Power of 2:s Dwarfs"](https://helagotland.se/nyheter/i-morgon-slapps-power-of-2s-dwarfs-6804406.aspx) [Power of 2's Dwarfs will be released tomorrow]. *Helagotland* (in Swedish). [Archived](https://web.archive.org/web/20210103195519/https://helagotland.se/nyheter/i-morgon-slapps-power-of-2s-dwarfs-6804406.aspx) from the original on 3 January 2021. Retrieved 3 January 2021.

1. ^ [***a***](#cite_ref-Computer_Sweden:_Rise_6-0) [***b***](#cite_ref-Computer_Sweden:_Rise_6-1) [***c***](#cite_ref-Computer_Sweden:_Rise_6-2) [***d***](#cite_ref-Computer_Sweden:_Rise_6-3) [***e***](#cite_ref-Computer_Sweden:_Rise_6-4) Arnroth, Thomas (22 November 2012). ["Gotländsk spelstudio på snabb frammarsch"](https://it24.idg.se/2.2275/1.478513/gotlandsk-spelstudio-pa-snabb-frammarsch) [Gotland game studio on the rise]. *[Computer Sweden](/source/Computer_Sweden)* (in Swedish). [Archived](https://web.archive.org/web/20210103195513/https://it24.idg.se/2.2275/1.478513/gotlandsk-spelstudio-pa-snabb-frammarsch) from the original on 3 January 2021. Retrieved 3 January 2021.

1. ^ [***a***](#cite_ref-Helagotland:_Gotland_7-0) [***b***](#cite_ref-Helagotland:_Gotland_7-1) Hammar, Inger (27 May 2011). ["Gotländsk spelutveckling vinnare i spelvärlden"](https://helagotland.se/start/gotlandsk-spelutveckling-vinnare-i-spelvarlden-6857156.aspx) [Gotland game development winner in the gaming world]. *Helagotland* (in Swedish). [Archived](https://web.archive.org/web/20210103195516/https://helagotland.se/start/gotlandsk-spelutveckling-vinnare-i-spelvarlden-6857156.aspx) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-Gameractor:_Riddick_8-0)** Lemne, Bengt (18 September 2013). ["New Riddick game announced for iOS"](https://www.gamereactor.eu/new-riddick-game-announced-for-ios/). *[Gamereactor](/source/Gamereactor)*. [Archived](https://web.archive.org/web/20210103195518/https://www.gamereactor.eu/new-riddick-game-announced-for-ios/) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-Eurogamer:_Riddick_9-0)** Yin-Poole, Wesley (18 September 2013). ["The new Riddick game is The Merc Files for iPhone, iPad and iPod touch"](https://www.eurogamer.net/articles/2013-09-18-the-new-riddick-game-is-the-merc-files-for-iphone-ipad-and-ipod-touch). *[Eurogamer](/source/Eurogamer)*. [Archived](https://web.archive.org/web/20210103195536/https://www.eurogamer.net/articles/2013-09-18-the-new-riddick-game-is-the-merc-files-for-iphone-ipad-and-ipod-touch) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-GameSpot:_Bloodsports_10-0)** Makuch, Eddie (24 February 2015). [""Bloodthirsty Gladiator-Style" Arena Game Bloodsports Announced"](https://www.gamespot.com/articles/bloodthirsty-gladiator-style-arena-game-bloodsport/1100-6425492/). *[GameSpot](/source/GameSpot)*. [Archived](https://web.archive.org/web/20210103195655/https://www.gamespot.com/articles/bloodthirsty-gladiator-style-arena-game-bloodsport/1100-6425492/) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-PCGI:_Immortal_11-0)** Calvin, Alex (19 February 2018). [""You don't want to be a clone" – How Toadman plans to innovate on the Dark Souls formula with Immortal: Unchained"](https://www.pcgamesinsider.biz/feature/66700/you-dont-want-to-be-a-clone-how-toadman-plans-to-innovate-on-the-dark-souls-formula-with-immortal-unchained/). *[PC Games Insider](/source/PC_Games_Insider)*. [Archived](https://web.archive.org/web/20210103195645/https://www.pcgamesinsider.biz/feature/66700/you-dont-want-to-be-a-clone-how-toadman-plans-to-innovate-on-the-dark-souls-formula-with-immortal-unchained/) from the original on 3 January 2021. Retrieved 3 January 2021.

1. ^ [***a***](#cite_ref-Breakit:_Subscriptions_12-0) [***b***](#cite_ref-Breakit:_Subscriptions_12-1) Wahlqvist, Jon (7 November 2017). ["Svenska spelstjärnor investerar i uppstickaren Toadman"](https://www.breakit.se/artikel/9599/svenska-spelstjarnor-investerar-i-uppstickaren-toadman) [Swedish gaming stars are investing in the upstart Toadman]. *Breakit* (in Swedish). [Archived](https://web.archive.org/web/20210103200203/https://www.breakit.se/artikel/9599/svenska-spelstjarnor-investerar-i-uppstickaren-toadman) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-Breakit:_Oversubscription_13-0)** ["Toadmans nyemission kraftigt övertecknad"](https://www.breakit.se/artikel/10136/toadmans-nyemission-kraftigt-overtecknad) [Toadman's new issue heavily oversubscribed]. *Breakit* (in Swedish). 30 November 2017. [Archived](https://web.archive.org/web/20210103195626/https://www.breakit.se/artikel/10136/toadmans-nyemission-kraftigt-overtecknad) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-Breakit:_Listing_date_14-0)** ["Spelbolaget Toadman missar sitt eget noteringsdatum på börsen"](https://www.breakit.se/artikel/10292/spelbolaget-toadman-missar-sitt-eget-noteringsdatum-pa-borsen) [The gaming company Toadman misses its own listing date on the stock exchange]. *Breakit* (in Swedish). 7 December 2017. [Archived](https://web.archive.org/web/20210103195722/https://www.breakit.se/artikel/10292/spelbolaget-toadman-missar-sitt-eget-noteringsdatum-pa-borsen) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-Hype:_Listing_date_15-0)** Gunner (9 December 2017). ["Toadman till börsen den 13:e december"](https://hype.se/2017/12/09/toadman-till-borsen-den-13e-december/) [Toadman to the stock exchange on December 13th]. *Hype.se* (in Swedish). [Archived](https://web.archive.org/web/20210103195635/https://hype.se/2017/12/09/toadman-till-borsen-den-13e-december/) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-Breakit:_First_day_16-0)** ["Toadman faller i premiärhandeln på börsen"](https://www.breakit.se/artikel/10382/toadman-faller-i-premiarhandeln-pa-borsen) [Toadman falls in the premiere trading on the stock exchange]. *Breakit* (in Swedish). 13 December 2017. [Archived](https://web.archive.org/web/20210103200229/https://www.breakit.se/artikel/10382/toadman-faller-i-premiarhandeln-pa-borsen) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-Breakit:_Berlin_17-0)** ["Toadman etablerar dotterbolag och öppnar kontor i Berlin"](https://www.breakit.se/artikel/10483/toadman-etablerar-dotterbolag-och-oppnar-kontor-i-berlin) [Toadman establishes subsidiaries and opens offices in Berlin]. *Breakit* (in Swedish). 18 December 2017. [Archived](https://web.archive.org/web/20210103195702/https://www.breakit.se/artikel/10483/toadman-etablerar-dotterbolag-och-oppnar-kontor-i-berlin) from the original on 3 January 2021. Retrieved 3 January 2021.

1. ^ [***a***](#cite_ref-GIbiz:_Fletcher_18-0) [***b***](#cite_ref-GIbiz:_Fletcher_18-1) Batchelor, James (20 August 2018). ["Former Multiplay boss Craig Fletcher invests $330,000 in Toadman Interactive"](https://www.gamesindustry.biz/articles/2018-08-20-former-multiplay-boss-craig-fletcher-invests-usd330-000-in-toadman-interactive). *[GamesIndustry.biz](/source/GamesIndustry.biz)*. [Archived](https://web.archive.org/web/20210103195726/https://www.gamesindustry.biz/articles/2018-08-20-former-multiplay-boss-craig-fletcher-invests-usd330-000-in-toadman-interactive) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-Cision:_Diskett_19-0)** ["Toadman Interactive förvärvar 100% av Diskett Interactive Sweden AB"](https://news.cision.com/se/enad-global-7-ab--publ-/r/toadman-interactive-forvarvar-100--av-diskett-interactive-sweden-ab,c2628977) [Toadman Interactive acquires 100% of Diskett Interactive Sweden AB] (Press release) (in Swedish). Toadman Interactive. 26 September 2018. [Archived](https://web.archive.org/web/20210103195710/https://news.cision.com/se/enad-global-7-ab--publ-/r/toadman-interactive-forvarvar-100--av-diskett-interactive-sweden-ab,c2628977) from the original on 3 January 2021. Retrieved 3 January 2021 – via [Cision](/source/Cision).

1. **[^](#cite_ref-Cision:_Operative_20-0)** ["Toadman förstärker ledningen med operativ och teknisk chef"](https://news.cision.com/se/enad-global-7-ab--publ-/r/toadman-forstarker-ledningen-med-operativ-och-teknisk-chef,c2922102) [Toadman strengthens management with operational and technical manager] (Press release) (in Swedish). Toadman Interactive. 1 October 2019. [Archived](https://web.archive.org/web/20230203015002/https://news.cision.com/se/enad-global-7-ab--publ-/r/toadman-forstarker-ledningen-med-operativ-och-teknisk-chef,c2922102) from the original on 3 February 2023 – via [Cision](/source/Cision).

1. **[^](#cite_ref-Breakit:_Immortal_21-0)** ["Svenska spelstudion Toadman backar efter lansering av Immortal: Unchained"](https://www.breakit.se/artikel/15336/svenska-spelstudion-toadman-backar-efter-lansering-av-nytt-spel) [Swedish game studio Toadman backs off after launch of Immortal: Unchained]. *Breakit* (in Swedish). 10 September 2018. [Archived](https://web.archive.org/web/20210103200202/https://www.breakit.se/artikel/15336/svenska-spelstudion-toadman-backar-efter-lansering-av-nytt-spel) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-Breakit:_CFO_22-0)** ["Birgitta Lönnberg blir ny ekonomichef på Nordic MTF-listade Toadman interactive"](https://www.breakit.se/artikel/15499/birgitta-lonnberg-blir-ny-ekonomichef-pa-nordic-mtf-listade-toadman-interactive) [Birgitta Lönnberg will be the new CFO of Nordic MTF-listed Toadman interactive]. *Breakit* (in Swedish). 17 September 2018. [Archived](https://web.archive.org/web/20210103195755/https://www.breakit.se/artikel/15499/birgitta-lonnberg-blir-ny-ekonomichef-pa-nordic-mtf-listade-toadman-interactive) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-Breakit:_Nasdaq_23-0)** ["Then Toadman Interactive changes trading venue"](https://www.breakit.se/artikel/18130/da-byter-toadman-interactive-handelsplats). *Breakit*. 25 January 2019. [Archived](https://web.archive.org/web/20210103200202/https://www.breakit.se/artikel/18130/da-byter-toadman-interactive-handelsplats) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-Cornwall_Live:_AMG_24-0)** Vergnault, Olivier (24 September 2019). ["Cornwall's largest gaming studio Antimatter Games has been sold"](https://www.cornwalllive.com/news/cornwall-news/cornwalls-largest-gaming-studio-antimatter-3353190). *[Cornwall Live](/source/Cornwall_Live)*. [Archived](https://web.archive.org/web/20210103195817/https://www.cornwalllive.com/news/cornwall-news/cornwalls-largest-gaming-studio-antimatter-3353190) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-Gamasutra:_Sold_Out_25-0)** McAloon, Alissa (26 November 2019). ["Toadman Interactive acquires publisher Sold Out"](https://www.gamasutra.com/view/news/354822/Toadman_Interactive_acquires_publisher_Sold_Out.php). *[Gamasutra](/source/Gamasutra)*. [Archived](https://web.archive.org/web/20210103195753/https://www.gamasutra.com/view/news/354822/Toadman_Interactive_acquires_publisher_Sold_Out.php) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-EG7:_Petrol_26-0)** ["Toadman Interactive completes the acquisition of Petrol Advertising"](https://www.enadglobal7.com/press/C7B61C6A51313F42/) (Press release). Enad Global 7. 27 June 2019. [Archived](https://web.archive.org/web/20210103195816/https://www.enadglobal7.com/press/C7B61C6A51313F42/) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-Cision:_Tangentix_27-0)** ["Toadman acquires Tangentix Ltd assets for £50,000"](https://news.cision.com/enad-global-7-ab--publ-/r/toadman-acquires-tangentix-ltd-assets-for--50-000,c2932495) (Press release). Toadman Interactive. 15 October 2019. [Archived](https://web.archive.org/web/20210103195815/https://news.cision.com/enad-global-7-ab--publ-/r/toadman-acquires-tangentix-ltd-assets-for--50-000,c2932495) from the original on 3 January 2021. Retrieved 3 January 2021 – via [Cision](/source/Cision).

1. **[^](#cite_ref-GIbiz:_Sold_Out_28-0)** Handrahan, Matthew (27 November 2019). ["Toadman Interactive buys Sold Out for £16 million"](https://www.gamesindustry.biz/articles/2019-11-27-toadman-interactive-buys-sold-out-for-16-million). *[GamesIndustry.biz](/source/GamesIndustry.biz)*. [Archived](https://web.archive.org/web/20210103195843/https://www.gamesindustry.biz/articles/2019-11-27-toadman-interactive-buys-sold-out-for-16-million) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-MCV:_Sold_Out_29-0)** Blake, Vikki (27 November 2019). ["Toadman Interactive acquires UK publisher, Sold Out"](https://www.mcvuk.com/business-news/toadman-interactive-acquires-uk-publisher-sold-out/). *[MCV/Develop](/source/MCV%2FDevelop)*. [Archived](https://web.archive.org/web/20210103195851/https://www.mcvuk.com/business-news/toadman-interactive-acquires-uk-publisher-sold-out/) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-GIbiz:_EG7_30-0)** Taylor, Haydn (31 January 2020). ["Toadman Studios, Sold Out, and Petrol join forces as Enad Global 7"](https://www.gamesindustry.biz/articles/2020-01-31-toadman-studios-sold-out-and-petrol-join-forces-as-enad-global-7). *[GamesIndustry.biz](/source/GamesIndustry.biz)*. [Archived](https://web.archive.org/web/20210103200206/https://www.gamesindustry.biz/articles/2020-01-31-toadman-studios-sold-out-and-petrol-join-forces-as-enad-global-7) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-EG7:_Daybreak_31-0)** ["Investor Presentation – December 2020"](https://www.enadglobal7.com/wp-content/uploads/2020/12/EG7-Investor-Presentation-Dec-2020-Acquires-Daybreak-Games.pdf) (PDF). Enad Global 7. 1 December 2020. [Archived](https://web.archive.org/web/20210103195508/https://www.enadglobal7.com/wp-content/uploads/2020/12/EG7-Investor-Presentation-Dec-2020-Acquires-Daybreak-Games.pdf) (PDF) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-MCV:_EG7_32-0)** Blake, Vikki (31 January 2020). ["Toadman Studios forms Enad Global 7"](https://www.mcvuk.com/business-news/toadman-studios-forms-enad-global-7/). *[MCV/Develop](/source/MCV%2FDevelop)*. [Archived](https://web.archive.org/web/20210103195858/https://www.mcvuk.com/business-news/toadman-studios-forms-enad-global-7/) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-EG7:_Name_Change_33-0)** ["Name Change to Enad Global 7"](https://www.enadglobal7.com/press/709BA96DB7262B98/) (Press release). Enad Global 7. 18 March 2020. [Archived](https://web.archive.org/web/20210103195918/https://www.enadglobal7.com/press/709BA96DB7262B98/) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-MCV:_Piranha_34-0)** Barton, Seth (26 November 2020). ["EG7 to acquire two Canadian studios – Mechwarrior dev Piranha Games & My Singing Monsters dev Big Blue Bubble"](https://www.mcvuk.com/business-news/eg7-to-acquire-two-canadian-studios-mechwarrior-dev-piranha-games-my-singing-monsters-dev-big-blue-bubble/). *[MCV/Develop](/source/MCV%2FDevelop)*. [Archived](https://web.archive.org/web/20210103195908/https://www.mcvuk.com/business-news/eg7-to-acquire-two-canadian-studios-mechwarrior-dev-piranha-games-my-singing-monsters-dev-big-blue-bubble/) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-PC_Gamer:_Daybreak_35-0)** Chalk, Andy (1 December 2020). ["Daybreak Games has a new owner"](https://www.pcgamer.com/daybreak-games-has-a-new-owner/). *[PC Gamer](/source/PC_Gamer)*. [Archived](https://web.archive.org/web/20210103195853/https://www.pcgamer.com/daybreak-games-has-a-new-owner/) from the original on 3 January 2021. Retrieved 3 January 2021.

1. **[^](#cite_ref-EG7:_Innova_36-0)** ["Acquisition of Innova, Q4 Investor Presentation – February 2021"](https://www.enadglobal7.com/wp-content/uploads/2021/02/EG7_Investor_Presentation_2021_February.pdf) (PDF) (Press release). Enad Global 7. 25 February 2021. [Archived](https://web.archive.org/web/20210226083336/https://www.enadglobal7.com/wp-content/uploads/2021/02/EG7_Investor_Presentation_2021_February.pdf) (PDF) from the original on 26 February 2021. Retrieved 28 February 2021.

1. **[^](#cite_ref-GIbiz:_Fireshine_Games_37-0)** Partis, Danielle (7 March 2022). ["Sold Out rebrands to Fireshine Games as it ramps up digital portfolio"](https://www.gamesindustry.biz/articles/2022-03-07-sold-out-on-rebranding-to-fireshine-games). *[GamesIndustry.biz](/source/GamesIndustry.biz)*. [Archived](https://web.archive.org/web/20220313040120/https://www.gamesindustry.biz/articles/2022-03-07-sold-out-on-rebranding-to-fireshine-games) from the original on 13 March 2022. Retrieved 17 March 2022.

1. **[^](#cite_ref-EG7:_Ji_Ham_38-0)** ["Ji Ham New Acting CEO of EG7"](https://www.enadglobal7.com/press/7DE6ED04ED2D41BC/) (Press release). Enad Global 7. 26 August 2021. [Archived](https://web.archive.org/web/20220923122546/https://www.enadglobal7.com/press/7DE6ED04ED2D41BC/) from the original on 23 September 2022. Retrieved 23 September 2022.

1. **[^](#cite_ref-EG7:_Fredrik_Rüdén_39-0)** ["Fredrik Rüdén new Deputy Chief Executive Officer and Financial Officer of EG7"](https://www.enadglobal7.com/press/78676746BB995E60/) (Press release). Enad Global 7. 31 August 2021. [Archived](https://web.archive.org/web/20220923122637/https://www.enadglobal7.com/press/78676746BB995E60/) from the original on 23 September 2022. Retrieved 23 September 2022.

1. **[^](#cite_ref-EG7:_Floding_shares_40-0)** ["EG7 executive team and select board members purchase additional company stock"](https://www.enadglobal7.com/press/A30E07D14ED745E7/) (Press release). Enad Global 7. 30 May 2022. [Archived](https://web.archive.org/web/20220923122548/https://www.enadglobal7.com/press/A30E07D14ED745E7/) from the original on 23 September 2022. Retrieved 23 September 2022.

1. **[^](#cite_ref-Massively_OP_41-0)** Royce, Bree (24 August 2022). ["EG7 Q2 2022: Daybreak's Jason Epstein is now chairman of the board"](https://massivelyop.com/2022/08/24/eg7-q2-2022-daybreaks-jason-epstein-is-now-chairman-of-the-board/). *Massively Overpowered*. [Archived](https://web.archive.org/web/20220923124958/https://massivelyop.com/2022/08/24/eg7-q2-2022-daybreaks-jason-epstein-is-now-chairman-of-the-board/) from the original on 23 September 2022. Retrieved 23 September 2022.

1. **[^](#cite_ref-EG7:_AR_2021_42-0)** ["Enad Global 7 AB (publ), Org.no 556923-2837, Annual Report and Group Accounting, January – December 2021"](https://www.enadglobal7.com/wp-content/uploads/2022/06/EG7-AR-2021-ENG.pdf) (PDF). Enad Global 7. 4 May 2022. [Archived](https://web.archive.org/web/20220815143939/https://www.enadglobal7.com/wp-content/uploads/2022/06/EG7-AR-2021-ENG.pdf) (PDF) from the original on 15 August 2022. Retrieved 15 August 2022.

1. **[^](#cite_ref-EG7:_Innova_sale_43-0)** ["EG7 sells Innova for EUR 21 million of cash consideration to Games Mobile ST LTD"](https://www.enadglobal7.com/press/791FFD1E801F897E/) (Press release). Enad Global 7. 23 September 2022. [Archived](https://web.archive.org/web/20220923121533/https://www.enadglobal7.com/press/791FFD1E801F897E/) from the original on 23 September 2022. Retrieved 23 September 2022.

1. **[^](#cite_ref-Game_Developer:_Toadman_shut_44-0)** Carter, Justin (10 January 2025). ["Enad Global 7 shuts down Toadman, cuts staff at MechWarrior dev Piranha Games"](https://www.gamedeveloper.com/business/enad-global-7-shuts-down-toadman-cuts-staff-at-mechwarrior-dev-piranha-games). *[Game Developer](/source/Game_Developer_(website))*. [Archived](https://web.archive.org/web/20250111112544/https://www.gamedeveloper.com/business/enad-global-7-shuts-down-toadman-cuts-staff-at-mechwarrior-dev-piranha-games) from the original on 11 January 2025. Retrieved 11 January 2025.

## External links

- [Official website](https://www.enadglobal7.com/)

---
Adapted from the Wikipedia article [Enad Global 7](https://en.wikipedia.org/wiki/Enad_Global_7) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Enad_Global_7?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.