Deal Type: Acquisition
Deal Sub Type: 100% Acquisition
Deal Status: Announced
Deal Value: 0.0000 Million USD
Deal in Brief
A consortium of existing shareholders in PCG Entertainment Plc including Kolarmy Technology, Inc. have agreed to acquire 100% stake in Center Point Development Corp., a US-based distributor of online games software, from PCG Entertainment, a UK-based gaming and media distribution company.
The consideration for the transaction will be the proceeds of the sale of 399,815,438 ordinary shares owned by the shareholders.
Based on the closing price of PCG’s common stock, the consideration is valued at GBP0.62 million (USD0.76 million).
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