Balatro Publisher Playstack Acquired by GameSpot Owner for $169 Million
By
Sam Sepiol
Toasted golden, schmeared with insight. Top of the rack.
Summary
Playstack, the publisher of the hit indie game Balatro, is being acquired by Integrated Media Company (owner of GameSpot) for an enterprise value of $169 million (£125 million). TruFin, Playstack's parent company, is selling 84.5% of Playstack Limited to VantageCo, a subsidiary of Integrated Media Company. The deal will net TruFin approximately £112.4 million in cash proceeds, with the remaining £15.6 million going toward repaying a loan from TruFin Holdings to Playstack.
Key quotes
· 3 pulledPlaystack, the publisher of Balatro, is being acquired by Integrated Media Company, the owner of GameSpot, at a $169 million valuation.
According to a report by Game Developer, TruFin has agreed to sell 84.5 percent of Playstack Limited to VantageCo, a subsidiary of Integrated Media Company.
The enterprise value of Playstack has been set at £125 million ($169 million).
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