Major Gamigo Shareholder Media And Games Invest Buys Out Nearly All Of The Company’s Shares

In October 2018, Redwood City-based Trion Worlds was acquired by German video game company Gamigo. Apparently, Gamigo itself has just undergone a major corporate restructuring based on an overlooked press release last February that a RIFT player recently came across.

According to the press release, Media and Games Invest, Gamigo’s major stockholder bought an additional 1.05 million shares thereby increasing their stake in the company from 53% to 98%. MGI also announced their plans to buy the remaining shares. MGI says that this will allow them to establish close cooperation between Gamigo and their other subsidiaries and increase the profitability and efficiency of the company and its other holdings.

“The expansion of MGI's stake in gamigo is a positive step, as non-strategic shareholders will exit and gamigo can benefit from synergy potential with the other MGI companies,” said Media and Games Invest CEO Remco Westermann. “In particular, we see substantial synergy potential in customer acquisition for the gamigo games, in strengthening gamigo's position in the mobile games sector and in the cooperation between the gamigo media companies and MGI's media companies. We also see a further advantage in the now straight forward shareholder structure in combination with MGI's access to the capital markets.”

Gamigo’s portfolio of games include ArcheAge, ArcheAge Unchained, Aura Kingdom, Defiance, Fiesta Online, and Trove. Find out how the company did in the last quarter of 2019 in the video below.