<article><p>ASX-listed gaming company, Animoca Brands plans to acquire Stryking Entertainment, Germany-based creator of fantasy sports game Football-Stars, for $1.1 million (1 million euros), according to a statement.</p></article>

<p>ASX-listed gaming company, Animoca Brands plans to acquire Stryking Entertainment, Germany-based creator of fantasy sports game Football-Stars, for $1.1 million (1 million euros), according to a statement.</p>
<p>This purchase will be made in common shares, and may go up to $2.2 million (2 million euros) in earn-out cash payments, options or shares. The acquisition is still subject to shareholders&#8217; approval.</p>
<p>The acquisition adds to Animoca&#8217;s licencing arrangements with major international sports brands like Formula 1 and Major League Baseball. Stryking&#8217;s Football-Stars also aligns with Animoca&#8217;s blockchain and NFT (non-fungible token) strategy.</p>
<p>Stryking also holds official licenses from top football leagues Bundesliga and Bayern Munich to use assets like club logos and player pictures for content.</p>
<div id="article-full-text">
<p>Animoca co-founder and chairman Yat Siu said: “The acquisition of Stryking cements Animoca Brands’ leadership in blockchain games, collectibles and sports. Fantasy sports is a $7-billion industry and a perfect use case for blockchain and NFTs.&#8221;</p>
</div>
<p>The statement adds that the buyout will be funded by an oversubscribed capital raise of $3.3 million (A$4.6 million), backed by international blockchain investors, Australian institutional investors and existing shareholders.</p>
<p>It include names like Perennial Value Management, SG Hiscock, existing shareholders Sun Hung Kai, Katherine Yip-Ribeiro and Moses Tsang, and blockchain investors, Stellar Partners, Blocore, and Plutus VC.</p>
<p>This will allow Animoca to take advantage of business opportunities to fast track the development and promotion of upcoming games and NFT launches.</p>


The deal adds to Animoca's licencing pacts with international sports brands like Formula 1 and Major League Baseball.

ASX-listed gaming firm Animoca to acquire Stryking Entertainment for $1.1m

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

ASX-listed gaming firm Animoca to acquire Stryking Entertainment for $1.1m

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief