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

NCsoft Acquires 70% Stake in Berlin Mobile Studio JustPlay for $202 Million in Casual Gaming Push

===== TL;DR =====

• South Korean games giant NCsoft is acquiring a 70% stake in Berlin-based casual mobile developer JustPlay for...

  Mergers and Acquisitions

  Mar 12, 2026

LEGO PlayStation Set Leaked for December 2025: Classic Console, 1911 Pieces, $159.99 Price Tag

TL;DR

• A reliable LEGO leaker has shared details of an upcoming official PlayStation console set, codenamed "LEGO Codename P or...

  Business

  Mar 11, 2026

EA Lays Off Developers Across Battlefield Studios Including DICE, Criterion, Ripple Effect and Motive

TL;DR

• Electronic Arts has confirmed layoffs across the Battlefield Studios group of teams, with developers at DICE, Criterion, Ripple Effect,...

  Business

  Mar 10, 2026

Steam Machine Still Targeting 2026 Release But Storage Shortages Create New Uncertainty

TL;DR

• Valve has confirmed the Steam Machine is still planned for a 2026 release but acknowledged that memory and storage...

  Business

  Mar 09, 2026

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

NCsoft Acquires 70% Stake in Berlin Mobile Studio JustPlay for $202 Million in Casual Gaming Push

===== TL;DR =====

• South Korean games giant NCsoft is acquiring a 70% stake in Berlin-based casual mobile developer JustPlay for...

  Mergers and Acquisitions

  Mar 12, 2026

LEGO PlayStation Set Leaked for December 2025: Classic Console, 1911 Pieces, $159.99 Price Tag

TL;DR

• A reliable LEGO leaker has shared details of an upcoming official PlayStation console set, codenamed "LEGO Codename P or...

  Business

  Mar 11, 2026

EA Lays Off Developers Across Battlefield Studios Including DICE, Criterion, Ripple Effect and Motive

TL;DR

• Electronic Arts has confirmed layoffs across the Battlefield Studios group of teams, with developers at DICE, Criterion, Ripple Effect,...

  Business

  Mar 10, 2026

Steam Machine Still Targeting 2026 Release But Storage Shortages Create New Uncertainty

TL;DR

• Valve has confirmed the Steam Machine is still planned for a 2026 release but acknowledged that memory and storage...

  Business

  Mar 09, 2026