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Qyou Media To Acquire Mobile Gaming Enterprise Maxamtech Digital Ventures

PRIVATEOct 20, 2022

Acquiring Company

QYOU Media

Acquired Company

Mobile Gaming Enterprise

OtherAdvertisingSocial MediaContent MarketingContent

Description

QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) announced today that it has executed a binding term sheet to acquire a majority ownership stake in Maxamtech Digital Ventures, a six year old India based venture creating technology and games for the mobile gaming industry. Maxamtech currently operates, via its proprietary platform Gaming 360, a variety of gaming destinations for companies including Vodafone and Glance. The acquisition continues the recent push by QYOU Media and The Q India to ramp up its portfolio of direct-to-consumer products as it moves into 2023. This includes recent announcements surrounding the launch of the QPLAY app and a subsequent co-marketing agreement for QPLAY running during the current T20 World Cup Cricket competition.

Quick answer

QYOU Media is acquiring Mobile Gaming Enterprise, announced October 20, 2022.

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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Company Information

Company

QYOU Media

Location

154 UNIVERSITY AVENUE

About

A MEDIA & ENTERTAINMENT COMPANY POWERED BY THE CREATOR ECONOMY. Founded and created by industry veterans from Lionsgate, MTV and Disney, QYOU Media’s millennial and Gen Z-focused programming include linear television networks, genre-based series, creator marketing campaigns, mobile apps, and video-on-demand formats. QYOU Media content reaches more than 500 million consumers around the world.

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Frequently asked

Who acquired Mobile Gaming Enterprise?

Mobile Gaming Enterprise was acquired by QYOU Media. The deal was reported on October 20, 2022. 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 October 20, 2022. 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.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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