TON Treasury company AlphaTON Capital acquires 60% controlling stake in gaming platform GAMEE

Techub News reports that Nasdaq-listed TON treasury company AlphaTON Capital has announced it has reached a definitive agreement to acquire a 60% controlling stake in the gaming platform GAMEE for a transaction value of up to $11 million, which includes a two-year, performance-linked additional payment.

GAMEE is a wholly-owned subsidiary of Animoca Brands, with a valuation of $18 million in this transaction. According to the terms of the acquisition agreement, AlphaTON Capital will take over the daily operational management of GAMEE and formally establish a strategic alliance with Animoca Brands, while prohibiting Animoca Brands from acquiring a controlling stake in AlphaTON Capital within two years.