Citywire for Financial Professionals
Stay connected:

View the article online at http://citywire.co.uk/money/article/a218731

Gameplay sells subsidiary for £1

Internet and WAP games portal Gameplay is to sell its Vienna-based subsidiary NEO software to Take Two Interactive for the princely sum of £1.

 

Internet and WAP games portal Gameplay is to sell its Vienna-based subsidiary NEO software to Take Two Interactive for the princely sum of £1.

NEO, a developer of German-language online computer games, was acquired by Gameplay last February from Computer Media.

In addition, Gameplay will receive £499,999 for the game Pirates and will have the exclusive rights to operate Pirates in Europe on its launch.

Gameplay (GAM) shares, which peaked at more than £10 during last March's tech frenzy, declined 2p to 110p this morning.

Take Two owns 16.7% of Gameplay.

Gameplay was created in 1999 from Wireplay, BT’s online gaming business, and Interactive Commercial Enterprises, the UK’s largest games mail order business. It floated on AIM in August 1999 with the aim of becoming Europe’s leading ‘new media’ retailer of computer games and has since attracted a lot of interest from shrewd investors.

As we reported late last month, a number of shrewd investors have stakes in Gameplay including AIM specialist Beacon Investment Fund, run by Andrew Buchanan and Andy Crossley's Invesco techMARK Enterprise (IET) investment trust .

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

The Citywire Guide to Investment Trusts


In this guide to investment trusts, produced in association with Aberdeen Asset Management, we spoke to many of the leading experts in the field to find out more.

Watch Now

More about this:

Look up the shares

  • (GAM)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Invesco Techmark Enterprise Ts (IET)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Archive

Today's articles

Tools from Citywire Money

From the Forums

+ Start a new discussion

Weekly email from The Lolly

Get simple, easy ways to make more from your money. Just enter your email address below

An error occured while subscribing your email. Please try again later.

Thank you for registering for your weekly newsletter from The Lolly.

Keep an eye out for us in your inbox, and please add noreply@emails.citywire.co.uk to your safe senders list so we don't get junked.

Read more...

The Accumulator: FTSE see-saws on trade war fears

by Michelle McGagh on Jun 22, 2018 at 14:57

Sorry, this link is not
quite ready yet