AI assistant
G5 Entertainment — M&A Activity 2015
May 5, 2015
3051_rns_2015-05-05_01c8fdd9-db0b-46d3-b72b-74a0ff58a085.pdf
M&A Activity
Open in viewerOpens in your device viewer
G5 Entertainment acquires all rights to the Brave Tribe game
2015-05-05 PRESS RELEASE
G5 Entertainment has signed an agreement with the developer of the game Brave Tribe (also known as Farm Clan in some markets) to acquire all interest, intellectual property, and assets in the game. The purchase price will be funded from the company's cash flow. G5 Entertainment originally published the game as a 3rd party game, and brought the game to iOS, Android, and Amazon application stores. CEO Vlad Suglobov comments: "We are excited to add Brave Tribe to the growing list of free-to-play games that G5 owns. Brave Tribe is one of the well-performing free-to-play games in our portfolio and we will build on its potential to make it a larger commercial success. We intend to continue working with the studio which developed the game to further improve Brave Tribe and develop other games for G5." G5 now owns five out of the 10 best performing free-to-play-games in its portfolio.
For additional information please contact:
Vlad Suglobov, CEO, [email protected]
About G5 Entertainment AB (publ)
G5 Entertainment AB is a developer and publisher of high quality downloadable games for iOS, Android, Kindle Fire, Mac, and Windows devices. G5 develops and publishes games that are family-friendly, easy to learn, and targeted at the widest audience of experienced and novice players. G5's portfolio includes a number of popular games like Survivors: The Quest, Mahjong Journey, The Secret Society, Virtual City, Special Enquiry Detail, Supermarket Mania, and others. G5 Entertainment AB is listed on Nasdaq Stockholm since 2014.