AlphaTON Capital Agrees to Buy 60% of GAMEE for Up to $11 Million
GAMEE, a gaming subsidiary of Animoca Brands, was valued at $18 million in the transaction, with AlphaTON Capital set to take over daily operations and form a strategic alliance with Animoca Brands.
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Terms & Concepts
Controlling stake: An ownership position large enough to direct key business decisions and operational control of a company.
Strategic alliance: A formal partnership between companies to pursue shared commercial goals without a full merger.
Blockchain gaming: A crypto sector that integrates digital assets and onchain features into video game ecosystems.