Game Digital (GMD) has announced the sale of Multiplay (UK), which operates an online game server-hosting business. The disposal reflects a tightening of GMD’s strategy, announced in August, to focus on customers’ gaming interests. We do not expect a material effect on forecasts, but the immediate cash receipt reduces the FY18e EV/EBITDA multiple to only 1.8x.
28 Nov 2017
Game Digital - Disposal of Multiplay Digital
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Game Digital - Disposal of Multiplay Digital
Game Digital (GMD:LON) | 0 0 4.4% | Mkt Cap: 64.9m
- Published:
28 Nov 2017 -
Author:
Paul Hickman -
Pages:
2
Game Digital (GMD) has announced the sale of Multiplay (UK), which operates an online game server-hosting business. The disposal reflects a tightening of GMD’s strategy, announced in August, to focus on customers’ gaming interests. We do not expect a material effect on forecasts, but the immediate cash receipt reduces the FY18e EV/EBITDA multiple to only 1.8x.