Stride Gaming acquires 51% stake in Passion Gaming

Strategic investment opens up growth opportunities in rapidly growing Indian skills gaming market

Stride Gaming plc (AIM: STR), a leading online gaming operator, today announces it has acquired a 51% stake in Passion Gaming Private Limited ('Passion Gaming'), a Rummy-focused online gaming company operating across India, for a cash consideration of $3.75m. The cash consideration will be invested in the company's working capital to accelerate growth.

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Stride Gaming plc published this content on 21 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 November 2017 14:18:06 UTC.

Original documenthttp://www.stridegaming.com/2017/11/21/stride-gaming-plc-acquires-51-stake-in-passion-gaming/

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