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Animoca Brands has news pending of proposed major partnership

Proactive Investors Thursday, 21 March 2019
Animoca Brands Corporation Ltd (ASX:AB1) has an announcement pending in relation to a proposed major partnership and has been granted a trading halt by the ASX. The halt will remain in place until the start of normal trading on Tuesday, March 26, 2019, or when an announcement is released to the market, whichever occurs earliest. Animoca shares last traded at 9.9 cents and, according to Commsec, the company “appears to be in a strong bullish trend”. There has been strong news flow in the past month. READ: Animoca Brands’ subsidiary Zeroth secures investment from Silver Egg Technology This week company subsidiary Zeroth has secured an investment of about $710,000 from the Hong Kong subsidiary of Silver Egg Technology (TYO:3961). Silver Egg is a Japanese company with more than 20 years of experience providing artificial intelligence (AI) based web marketing services. The new capital will allow Zeroth to consider investments into a broader range of companies and allows additional fee generation. Zeroth, which was acquired by Animoca Brands last year, is Asia’s first accelerator program backing high-potential startups that are working on frontier technologies including AI, machine learning, and blockchain. READ: Animoca Brands launches new mobile game based on Wonder Park film Last week, Animoca launched Wonder Park Magic Rides, a mobile game based on the new Paramount Pictures animated film Wonder Park, which opens in Australian cinemas on April 4. Players can create the amusement park of their dreams with June, Boomer, and the rest of the Wonder Park gang with the game available on the App Store and Google Play. READ: Animoca Brands secures $12.6 million contract; expands footprint into China The company progressed its partnership with iClick Interactive Asia (NASDAQ:ICLK) earlier this month by signing a deal worth about $12.6 million with Vigame Network to resell the advertising inventory of iClick. iClick is a China-based online marketing platform with gross billings of over US$400 million per annum. It is the largest Chinese independent online marketing platform in terms of gross billing. Animoca will resell to Vigame the social, media, and games advertising inventory of iClick for one year.
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