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How Will This Effect Us?


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#1 Jolly Rogers Folly

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Posted 25 November 2020 - 08:18 AM

[Enad Global 7 AB (publ) (“EG7” or the “Company”) has today entered into an agreement with the shareholders of Canadian game developerPiranha Games Inc. (“Piranha Games”) to acquire 100 percent of Piranha Games (the “Transaction”) for an aggregate purchase price of approximately CAD 31.4 million, equivalent of SEK 207 million, on a cash- and debt- free basis (the "Purchase Price"). The Purchase Price paid in cash and in newly issued EG7 shares. Piranha Games is one of Canada’s oldest independent game developers and is most famous for the latest entries into the MechWarrior franchise. Through the acquisition, EG7 gains a reputable team of 65 people in the studio in Vancouver, Canada. For the 12-month period ending on 30 September 2020, Piranha Games generated net sales of approximately CAD 22.7 million, equivalent of SEK 150 million, and EBITDA of approximately CAD 8.6 million, equivalent of SEK 56 million. The EBITDA-multiple on the Purchase Price therefore amounts to 3.7x EBITDA.

#2 Guinness530

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Posted 25 November 2020 - 10:26 AM

Yeah I just caught wind of this story. Probably won't change the course of the stream much.

#3 Jolly Rogers Folly

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Posted 25 November 2020 - 12:09 PM

Yes but they are delaying the MW5 DLC untill spring which happens to be when the new company takes over

#4 Davegt27

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Posted 25 November 2020 - 12:43 PM

Wow
I was just clicking around





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