The price of shares in AIM-listed gaming firm Gfinity (LON:GFIN) dropped 2.22% to 3.52p (as of 13:35 GMT) after it acquired specialist digital news site Epicstream in a share-based deal as the company looks to scale up its digital media. At the same time, the company is continuing to carry out a formal sales process and will provide updates in the future.
CEO Jon Clarke commented: “We are delighted to welcome the Epicstream team into the Gfinity family. Francis and Brian have built a highly engaged community around all things fantasy and Sci-Fi. It is a perfect fit for GDM. Together we are going to turbo charge the growth of Epicstream and explore adding new sites into the franchise.
“A key pillar of our Company strategy is to focus on products and services that we own. This is where GDM sits. The team has done an amazing job of growing our organic sites and partnering with larger media groups who want to connect with gamers. The team is also focused on identifying acquisition opportunities. Epicstream is the first of these and we could not be more excited about having the team on board.“