The Games Company and 10TACLE STUDIOS AG Stop Transfer of TGC Shares

No Comment 21 Views

The publisher TGC– The Games Company and 10TACLE STUDIOS AG have decided not to realize the intended takeover. From now on TGC– The Games Company again acts as an autonomous and independent developer and marketer of computer and video games.

In December 2007 it was announced that TGC– The Games Company would be taken over by 10TACLE STUDIOS AG in order to expand the proprietary development capacities in the sectors of international multi-platform titles, casual gaming and licensed titles for the mass market. Due to the restructuring and new focussing of business activities at 10TACLE STUDIOS AG the agreed increase in capital has not been realized yet. Instead the parties have decided on reversing the transaction. The TGC management, led by Markus Malti and Carsten Strehse, has opted for returning to autonomy and will take over the shares of the company.“With the reverse transaction we have taken a step in the interests of all parties involved. TGC can continue its successful work and 10TACLE STUDIOS AG are free to newly position their company strategically as planned”, declares Markus Malti, CEO of TGC.

Carsten Strehse, CEO and development director of TGC, states:“All parties agree that the orientation of our business as a publisher with internal and external development competencies as vital assets does not fit into the new concept of the 10TACLE group. The reverse transaction is the logical consequence of this realization. Now we will expand our proprietary development capacities and invest in the development sector on a large scale.

In : PC

About the author

Leave a Reply

Your email address will not be published. Required fields are marked (required)

What is 5 + 10 ?
Please leave these two fields as-is:
IMPORTANT! To be able to proceed, you need to solve the following simple math.
Trending Now