NetPlay buys mobile gaming websites

Gaming firm NetPlay TV said it acquired Venturygames.co.uk and Toucanwin.com, the mobile gambling and skill gaming businesses of Info-download, a unit of Zed Worldwide, for £1 million in stock. The businesses acquired currently generate a monthly gross...

Gaming firm NetPlay TV said it acquired Venturygames.co.uk and Toucanwin.com, the mobile gambling and skill gaming businesses of Info-download, a unit of Zed Worldwide, for £1 million in stock. The businesses acquired currently generate a monthly gross revenue of about £500,000 and the deal will immediately add to its earnings, NetPlay said.

The company said it issued about 2.88 million shares at 26 pence each to Zed, an entertainment software products developer, and would issue a further 961,538 shares on March 31.

NetPlay will also acquire Info-download's UK mobile quiz business Grab a Grand, it said.

The deal will increase Zed Worldwide's total stake in NetPlay to 13.76 per cent of the enlarged business. NetPlay also signed a two-year sales agreement with Zed that allows Zed to sell NetPlay's interactive gaming services to its clients worldwide.

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