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???????Media and Games Invest plc: Closing of the Acquisition of KingsIsle - KingsIsle Represents New 'Strike Zone'


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DJ Media and Games Invest plc: Closing of the Acquisition of KingsIsle - KingsIsle Represents New Strike Zone Media and Games Invest plc: Closing of the Acquisition of KingsIsle - KingsIsle Represents New Strike Zone
08, February 2021 - Media and Games Invest plc (Frankfurt Stock Exchange: M8G), (Nasdaq First North Premier Growth Market: M8G) ( MGI or the Company ), has concluded the closing of the Share Purchase and Transfer Agreement with the owners of KingsIsle Entertainment Inc ( KingsIsle ) to acquire 100% of the shares of KingsIsle as planned. The transaction is adding the successful massive multiplayer games Wizard101 as well as Pirate101 to the MGI gaming portfolio, two games with very loyal user bases and long-term sustainable revenue streams. ....

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Investegate |Media and Games Invest plc Announcements | Media and Games Invest plc: Original-Research: Media and Games Invest plc (von GBC AG): BUY


Analyst: Marcel Goldmann, Cosmin Filker
KingsIsle M&A provides leap in revenue and earnings and significantly
strengthens US business; Internationalisation of acquired games IPS and
expansion of these online games to further end devices opens up significant
revenue potential; Increase in forecasts and price target
On 18/01/2021, Media and Games Invest plc (MGI) announced the signing of an
agreement for the full acquisition of US game developer KingsIsle
(KingsIsle) Entertainment Inc. KingsIsle, based in Austin, Texas (USA), is
a leading game developer and publisher. KingsIsle s wholly owned MMO games
Wizard101 and Pirate101 (including mobile IP rights) will be transferred to
MGI s gaming portfolio. Both online games have loyal communities and ....

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