Svmuu News: Nasdaq-listed TON treasury company AlphaTON Capital announced it has entered into a definitive agreement to acquire a 60% controlling stake in the gaming platform GAMEE for a transaction value of up to $11 million, which includes a two-year, performance-linked additional payment.
GAMEE is a wholly-owned subsidiary of Animoca Brands, and its valuation in this transaction reached $18 million. According to the acquisition agreement terms, AlphaTON Capital will take over the daily operational management of GAMEE and formally establish a strategic alliance with Animoca Brands, while prohibiting Animoca Brands from acquiring a controlling stake in AlphaTON Capital within two years. (Globenewswire)