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

News/Microsoft's Ad Patent Waits for You to Finish the Boss Fight

"Contextually Aware Management of Interactive Software Application Access," this will change the gaming. The mechanics are simple, you start with...

Business

Sep 25, 2026

News/Kojima Says Sony Never Told Him Why It Dropped Physint

Sony pulling the trigger on Kojima's next title was unexpected. Kojima took the call in mid-June over Zoom, PlayStation Studios...

Business

Sep 22, 2026

News/G2 Sweep MKOI, Win Every Split, and Give Perkz His First Trophy

This was glorious. G2 Esports took their fourth consecutive LEC title, their 20th overall, and completed a domestic Golden...

Business

Sep 21, 2026

Rocket League Jumps Straight to Unreal Engine 6 in 2027

Players expected this for a long time. Psyonix confirmed the 2027 window for the Unreal Engine upgrade with a video...

Business

Sep 21, 2026