HKSE-Listed Leyou Technologies Acquires Balance of Digital Extremes from Founders
- Date Announced: December 29, 2015
- Date Closed: May 21, 2016
- Deal Value: $65,000,000
- Client Name: Leyou Technologies Holdings Limited
Leyou Technologies Holdings, a Hong Kong Stock Exchange-listed company, acquired 39% of Digital Extremes, a video game developer based in London, Ontario, for US$65 million. Leyou Technologies had previously acquired 58% of Digital Extremes in July 2015 from the same founder and employee shareholder group for total consideration of US$73.2 million along with Perfect Online that acquired 3%. The acquisition of the remaining 39% of Digital Extremes by Leyou Technologies was conducted pursuant to a call option granted as part of the first acquisition transaction in 2015. In aggregate, Leyou Technologies acquired 97% of Digital Extremes for total consideration of US$138.2 million.
