Nasdaq-listed company Alpha Compute has announced the completion of its majority acquisition of the gaming and digital rewards platform GAMEE, with all regulatory and closing conditions satisfied. Under the terms of the transaction, Alpha Compute has formally acquired a 60% controlling stake in GAMEE for approximately $11 million, implying an enterprise valuation of about $18 million, with Animoca Brands as the seller. Following this transaction, Alpha Compute will establish a new AI gaming division, Alpha Games.
Alpha Compute Acquires 60% Stake in GAMEE for $11M
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Summary
Alpha Compute, listed on NASDAQ, has acquired a 60% stake in GAMEE for $11 million, with the total transaction valued at $18 million. Animoca Brands was the counterparty. This AI and crypto news move includes plans to launch Alpha Games, a new AI gaming division, and may lead to new token listings as the unit develops.
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