Playstack sells 84.5% stake to IMC for £125M; CEO pledges mindful growth
By
Chris Kerr
Kettled twice. Extra chewy, extra trustworthy.
Summary
UK publisher Playstack, known for hits like Balatro and Abiotic Factor, has sold an 84.5% stake to investment group Integrated Media Company (IMC) in a deal valuing the company at £125 million ($169 million). IMC also owns Fandom, GameSpot, Screen Junkies, and Fanatical. Playstack's CEO has pledged to be 'mindful' about growth following the majority takeover, and the publisher stressed that being owned by the same group as GameSpot and Fandom won't create a conflict of interest.
Key quotes
· 2 pulledPlaystack CEO pledges to be 'mindful' about growth after majority takeover
The publisher also stressed that being sold to the owner of GameSpot and Fandom won't create a conflict of interest.
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