BlockBeats News, March 20th, Nasdaq-listed TON Finance company AlphaTON Capital announced that it has reached a final agreement to acquire a 60% stake in the game platform GAMEE for a maximum of $11 million in transaction consideration, including an additional payment linked to performance for a period of two years.
GAMEE is a wholly-owned subsidiary of Animoca Brands, with a valuation of $18 million in this transaction. Under the terms of the acquisition agreement, AlphaTON Capital will take over the day-to-day operational management of GAMEE and formally establish a strategic alliance with Animoca Brands, while prohibiting Animoca Brands from acquiring a stake in AlphaTON Capital for two years. (Globenewswire)
