Top
10°

NetPlay buys 2 mobile gaming Web sites

(Reuters) - British gaming firm NetPlay TV Plc said on Friday it acquired Venturygames.co.uk and Toucanwin.com, the mobile gambling and skill gaming businesses of Info-download Ltd, a unit of Zed Worldwide SA, for 1 million pounds ($1.46 million) in stock.

The businesses acquired currently generate a monthly gross revenue of about 500,000 pounds and the deal will immediately add to its earnings, NetPlay said.

The company said it issued about 2.88 million shares at 26 pence each to Zed, an entertainment software products developer, and would issue a further 961,538 shares on March 31.

NetPlay will also acquire Info-download's UK mobile quiz business Grab a Grand, it said.

Read Full Story >>
tech.yahoo.com
The story is too old to be commented.