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Bids, Mergers and Takeovers

GAME Digital acquires SocialNat

16 February 2016 09:32

GAME Digital has agreed to purchase all of the activities of SocialNAT, a popular eSports online platform in Spain, from the Social Electronica Sports Company SL and certain other individuals.

GAME Digital says the acquisition will help to develop the group's fast growing eSports & Events division following the acquisition of gaming events and eSports organiser Multiplay in March 2015.

The SocialNAT platform has more than 150,000 registered users and amongst other activities the team organised various eSports championships at the 2015 Madrid Games Week. These included the qualifying rounds of FIFA and Call of Duty for the Electronic Sports World Cup (ESWC), as well as the Counter-Strike: Global Offensive (CS:GO) 'GG Cup'.

The acquisition of SocialNAT will provide GAME with both a platform and an established audience to support the growth of its international eSports business, particularly in Spain, and allow the Group to offer a range of new experiences and services to its customers.

At 9:32am: (LON:GMD) Game Digital share price was +0.38p at 109.88p

Story provided by StockMarketWire.com

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