Mon, 02 Mar 2015 | BUSINESS SALE
High street retailer Game Digital has acquired the games events organiser Multiplay (UK) in a deal worth £20 million.
Based in Southampton, Multiplay was set up in 1997 and organises events and offers gaming services for some of the biggest names in the industry. It has arranged over 150 gaming events across the UK and internationally, which includes its flagship Insomnia festival, which last year saw 67,000 attendees. Additionally, the Insomnia website saw 1.4 million users logging on and 45 million media impressions via YouTube, Twitch and Flickr.
Game Retail chief executive said of the acquisition: “The world of live events, eSports and multiplayer gaming is growing rapidly and one we have been looking to enter for some time," he said. "By acquiring Multiplay we are benefiting from nearly two decades of experience, during which time Multiplay has built an exceptional reputation and leading position in its markets."
“Multiplay has a great management team and a fantastic culture - their passion and enthusiasm for games is infectious.”
The £20 million deal will mean that Game Digital will acquire Multiplay's entire issued share capital, with £12.6 million paid in cash and the final £7.4 million to be paid in deferred cash and shares over three years.
Craig Fletcher, Multiplay's chief executive and founder, will retain his position in charge of the firm as well as its 50 members of staff.
______________________________________________________________________
Related information:
Expanding your business via M&A and organic growth
The company is an automatic and industrial door supplier, installing a variety of systems, including but not limited to, automatic doors, fire resistant shutters, entrance barriers, roller shutters and garage doors.
Well-established company operating for over 23 years. Offers a range of driving positions, which include day runs, local runs, local shunting, nights out and tramping.
The company is a business-to-business wholesaler of cask ales, continental lagers, and craft cider. Since its establishment, the business has cultivated strong relationships with high-profile and local breweries, gaining exclusive access to their pro...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.