Team 17 Group Plc announces acquisition

  • Jan 02, 2020 GMT
  • Team Kalkine
  • The company has announced acquisition of Yippee Entertainment Limited
  • The target company is a software developer and digital publisher based in MediaCity UK and specialises in creation of third-party games.
  • The transaction increases studio capacity and provides a source of new talent pool in North West of the country.
  • The consideration is £922,407 in cash and the issue of 114,000 shares worth £433,200.
  • On 2nd January 2020, at the time of writing, GMT 10:52 AM, TM17 shares were trading at GBX 382.50, up by 7.50 points or 2% against the previous day closing price.

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