Swedish gaming studio Toca Boca looks set to be sold, but is it undervalued?

This week brought reports that Stockholm-based gaming studio Toca Boca who specialise on creating ‘non-competitive’ games for children are set to be sold by their owners Bonnier for 500 million – 1 billion SEK (or between $59 million and $118 million) but is it undervalued compared to their peers?