Qyou Media Completes Acquisition Of Mobile Gaming Enterprise Maxamtech Digital Ventures
Acquiring Company
QYOU Media
Acquired Company
Mobile Gaming Enterprise
Description
QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) announced today that it has successfully completed its acquisition of a majority ownership stake in Maxamtech Digital Ventures, a six year old India based venture creating technology and games for the mobile gaming industry. QYOU Media has initially purchased a 51% stake of the issued and outstanding shares in the Maxamtech business giving it majority control over the enterprise.The purchase price has not been disclosed but the parties have agreed on terms for purchase of the remaining 49% based upon a multiple of EBITDA over the calendar years 2023, 2024 and 2025. The acquisition continues the recent push by QYOU Media and The Q India to leverage its large and growing audience reach to over 125 million young Indians weekly by ramping up its portfolio of direct-to-consumer products in 2023.
Quick answer
QYOU Media is acquiring Mobile Gaming Enterprise, announced January 12, 2023.
- How much did QYOU Media pay for Mobile Gaming Enterprise?
- The deal value was not disclosed.
- What does QYOU Media do?
- A MEDIA & ENTERTAINMENT COMPANY POWERED BY THE CREATOR ECONOMY.
- Who are the decision-makers at QYOU Media?
- Fundz holds 1 contact at QYOU Media. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at QYOU Media, and when
When QYOU Media changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Mobile Gaming Enterprise?
Mobile Gaming Enterprise was acquired by QYOU Media. The deal was reported on January 12, 2023. A MEDIA & ENTERTAINMENT COMPANY POWERED BY THE CREATOR ECONOMY. QYOU Media is privately held and operates in Other.
When did QYOU Media acquire Mobile Gaming Enterprise?
QYOU Media's acquisition of Mobile Gaming Enterprise was reported on January 12, 2023. QYOU Media Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Mobile Gaming Enterprise do?
Mobile Gaming Enterprise is the company acquired in this transaction. It is privately held.
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