GAME Digital plc (LON:GMDG) has announced the sale of Multiplay (UK), which operates an online game server-hosting business. The disposal reflects a tightening of GMD’s strategy, announced in August, to focus on customers’ gaming interests. We do not expect a material effect on forecasts, but the immediate cash receipt reduces the FY18e EV/EBITDA multiple to only 1.8x.
GMD has announced the sale of Multiplay (UK), the owner of Multiplay Digital, which operates an online game server-hosting business for game developers, as well as a direct game hosting service available to consumers.
In August 2017 GMD announced that, following a strategic review, it had prioritised the development of experience-based gaming and eSports activities. As a result, the board had decided to evaluate strategic options for Multiplay's Digital division.
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