Highlights:● iCandy has signed a binding term sheet to acquire a 60% shareholding in gaming backend technology tools provider Gameconomy for a cash and share equivalent consideration of A$497,297● Gameconomy is a boutique gaming software firm specializing in gaming technology, related to real-time in-game analytics and player-versus-player (PVP) gaming mechanics● With the help of iCandy’s resources, Gameconomy is planning launch a new Metaverse-related PVP game in the first half of 2022● Gameconomy will significantly augment iCandy’s software engineering and technology capabilities in its objectives to develop extensive game titles for the metaverse in line with its vision post-acquisition of Lemon Sky Studios● The acquisition furthers iCandy’s aggressive M&A strategy, to be a global gaming developer power house
Highlights: ● iCandy has signed a binding term sheet to acquire...
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