Announced
Completed
Financials
Tags
Gaming
chess simulation
online games
chess training
Norway
Tender Offer
Cross Border
Public
Majority
Friendly
Single Bidder
Acquisition
Completed
Synopsis
Chess.com, a chess site with a community of more than 90m members, completed the acquisition of Play Magnus, a firm engaged in ownership, development, marketing, and sale of chess-related eLearning and eSports services, for $82m. "This is a special time for chess. More people are playing and watching chess than ever before. Events like PogChamps, the Speed Chess Championship, and the Champions Chess Tour have changed the game forever. We believe there is an opportunity here to take chess to new heights by combining our efforts, and we are seizing that opportunity," Danny Rensch, Chess.com Chief Chess Officer.
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