Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Animoca Brands shares surge following Football-Stars acquisition and capital raising

Proactive Investors Friday, 5 April 2019
Animoca Brands Corporation Ltd’s (ASX:AB1) shares are trading about 7% higher intra-day following its move to acquire the creator of popular fantasy sports game Football-Stars. READ: Animoca Brands to acquire Football-Stars creator, bags $4.6 million at a premium The company has entered into a binding term sheet to acquire 100% of Stryking Entertainment for an upfront consideration of €1 million (about $1.58 million) payable in shares. Animoca has also completed a heavily oversubscribed strategic capital raise of $4.6 million at a 4.2% premium from international blockchain investors, Australian institutional investors and existing shareholders. The capital raise will allow Animoca to take advantage of multiple business opportunities and to fast track development and promotion of upcoming games and NFT (non-fungible token) launches. Strategic rationale The acquisition of Stryking is highly complementary to Animoca and its projects. Stryking has a highly experienced management team of serial entrepreneurs in the fields of games and finance. Football-Stars is a game that aligns strongly with Animoca’s own blockchain and NFT strategy, with an upcoming game update that will offer NFTs based on real football players and clubs. Importantly, the acquisition adds to Animoca’s licencing arrangements with major international sports brands, which also include Formula 1® and Major League Baseball.
0
shares
ShareTweetSavePostSend
 

Recent related videos from verified sources

World Beach Games football: History being made in Doha [Video]World Beach Games football: History being made in Doha

The stars of women’s beach football are taking their sport to new levels in Doha.

Credit: Al Jazeera STUDIO     Duration: 02:26Published

Playing football with future Kern County stars [Video]Playing football with future Kern County stars

Playing football with future Kern County stars

Credit: 23ABC News | Bakersfield     Duration: 00:43Published

You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.