ESE Sells Majority Share in GameAddik

ESE Sells Majority Share in GameAddik

Mergers and Acquisitions Business

21 August 2023 17:55

ESE Entertainment sold its 70% share in GameAddik to Blackpine. ESE will receive $9.1m. The company will retain its 30% share for now. Konrad Wasiela, CEO of ESE, commented, "We are excited to finalize this strategic transaction with BlackPines and to collaborate with Darren Huston and his team. This step is key in our commitment to maintain a position of strength while minimizing dilution and increasing shareholder value. We are also retaining a 30% stake in GameAddik, which underscores our belief in its long-term potential in its future success. In addition, we are going to aggressively roll into the next phase of our business growth, which includes focusing on the growth of our core assets. We have a clear plan and are ready to get to work on executing."

Tags: ESE

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

ESE Partners with Metapro

ESE Entertainment announced a new partnership with Metapro and Poznań Game Arena. Parties will create a Web3 Game Arena. Michał...

Business

Sep 28, 2023

Valnet Acquires Polygon

Polygon, one of the most prominent video game and pop culture websites of the last decade, has been acquired by...

Business

May 02, 2025

Epic Games Reveals Webshop for Devs

Just a day after its significant legal victory over Apple, Epic Games has announced a new set of features...

Business

May 02, 2025

GTA 6 Delayed Again

Rockstar Games has officially delayed the release of Grand Theft Auto VI, pushing the launch date to May 26, 2026....

Business

May 02, 2025

EA to Lay off 300-400 Employees

Electronic Arts (EA) is laying off between 300 and 400 employees in a significant restructuring effort, according to a report...

Drama

May 01, 2025

ESE Sells Majority Share in GameAddik

Mergers and Acquisitions Business

21 August 2023 17:55

Tags: ESE

ESE Entertainment sold its 70% share in GameAddik to Blackpine. ESE will receive $9.1m. The company will retain its 30% share for now. Konrad Wasiela, CEO of ESE, commented, "We are excited to finalize this strategic transaction with BlackPines and to collaborate with Darren Huston and his team. This step is key in our commitment to maintain a position of strength while minimizing dilution and increasing shareholder value. We are also retaining a 30% stake in GameAddik, which underscores our belief in its long-term potential in its future success. In addition, we are going to aggressively roll into the next phase of our business growth, which includes focusing on the growth of our core assets. We have a clear plan and are ready to get to work on executing."

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

ESE Partners with Metapro

ESE Entertainment announced a new partnership with Metapro and Poznań Game Arena. Parties will create a Web3 Game Arena. Michał...

Business

Sep 28, 2023

Valnet Acquires Polygon

Polygon, one of the most prominent video game and pop culture websites of the last decade, has been acquired by...

Business

May 02, 2025

Epic Games Reveals Webshop for Devs

Just a day after its significant legal victory over Apple, Epic Games has announced a new set of features...

Business

May 02, 2025

GTA 6 Delayed Again

Rockstar Games has officially delayed the release of Grand Theft Auto VI, pushing the launch date to May 26, 2026....

Business

May 02, 2025

EA to Lay off 300-400 Employees

Electronic Arts (EA) is laying off between 300 and 400 employees in a significant restructuring effort, according to a report...

Drama

May 01, 2025