Highlights:
? iCandy to acquire 51% of Storms (AUD$8mill) - a Southeast Asia based game development and publishing company. The current shareholders of Storms have an option to sell the remaining 49% of Storms to iCandy within an agreed period of time
? Storms is strategically owned by 3 leading Telcos in Asia, namely Singtel, AIS and SK Telecom.
? The transaction marks another step in iCandy’s strategy to build the leading integrated Metaverse gaming platform globally; and in the respective strategies of Singtel, AIS and SK Telecom to serve their customers with unique and engaging content
Vertically integrating: They bought and integrated Lemon Sky which is a development house not long ago. Now they are buying the games publisher.
I don't hold.
