Official Gamigo Acquisition Posting

It is now confirmed 100% that Gamigo has aquired Trion Worlds, according to a post on dgap.de.

To quote

“gamigo AG: acquisition of Trion Worlds games company to further strengthen its market-position in the games market.

Hamburg, October 22, 2018: gamigo AG (“gamigo Bond” WKN: A2NBH2 / ISIN: SE0011614445) has acquired major assets from Trion Worlds Inc. Trion Worlds is a leading US gaming company with offices in Redwood City (California) and Austin (Texas) and has as publisher and developer of online and console MMO-games, well-known games such as Rift, Defiance, Trove and ArcheAge in it’s portfolio. The assets of the company have been acquired by gamigo’s subsidiary Golden Gate Games Inc., via an “Assignment for the Benefit of the Creditors” process, in which the buyer only buys those assets, with which he wishes to continue the business.

The gamigo group has acquired the majority of the assets, including the platform, takes over employees to operate the business and gets the full publishing rights of the games. The IP’s of the Trion Worlds games have been acquired by gamigo’s sister company Padmapani GmbH and are made available for gamigo group, worldwide and exclusive.

It is expected that the Trion Worlds acquisition will add on gamigo group level revenues of at least USD 18 million in 2019. Depending on the speed and success of restructuring and integration, management expects an additional EBITDA of USD 1 to 4 million, based on unlocking substantial synergies and economies of scale as proven in numerous acquisitions before.

The full purchase price amounts to a low USD two-digit million amount (including possible earn-outs).”

Source: https://www.dgap.de/dgap/News/adhoc/gamigo-acquisition-trion-worlds-games-company-further-strengthen-its-marketposition-the-games-market/?companyID=382416&newsID=1103179

 

Thoughts

The first thing that stands out to me is that Atlas Reactor is not mentioned in this briefing.  Also of interest is that this has been acquired by a subsidiary – Golden Gate Games Inc.  All sources related to Golden Gate Games, Inc, point to a now defunct mobile games provider.  Curious, this rabbit hole goes deeper than expected.  Time for more investigation.