Liberty Global Ventures’ investment closes successful public market debutLiberty Global Ventures – Liberty Global’s investment arm, has seen the successful public debut of Skillz (NYSE: SKLZ), the...
January 15, 2021 at 05:04 am EST
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Liberty Global Ventures - Liberty Global's investment arm, has seen the successful public debut of Skillz (NYSE: SKLZ), the leading mobile games platform. Skillz connects players globally in fair, fun and meaningful competition, and helps developers build and monetize their franchises by enabling social competition to increase reach and engagement.
Leveraging its patented technology, Skillz hosts billions of casual esports tournaments for millions of mobile players and distributes millions in prizes each month. Becoming a publicly-traded company further enables Skillz to accelerate its expansion in the fast-growing mobile gaming market that today includes 2.7 billion gamers and 10 million game developers.
Liberty Global Ventures made its first investment in Skillz in 2017. The company has provided revenue guidance of $225 million for 2020, representing 89% growth year-over-year.
John Gowen, Managing Partner, LG Ventures commented, 'We are thrilled for Skillz, its management team, and fellow shareholders. This is an innovative company that shows exceptional potential within the growth trajectory
of the mobile gaming industry.'
Gowen added, 'We continue to see demonstrated opportunity in gaming as an entertainment category, and with the substantial growth and success we've achieved with Skillz, our Ventures group widely views gaming as an important area for ongoing investment.'
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Liberty Global plc published this content on 15 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 January 2021 10:03:05 UTC
Liberty Global Ltd. is a holding company. The Company, through its subsidiaries, is engaged in converged broadband, video and mobile communications and an active investor in infrastructure, content and technology ventures. It has investments in fiber-based and 5G networks. For business and public sector organizations, it provides a complete range of voice, advanced data, video, wireless and cloud-based services across its local broadband networks, as well as mobile and converged fixed-mobile services. It offers broadband and mobile networks under brands, such as Virgin Media-02 in the United Kingdom, VodafoneZiggo in the Netherlands, Telenet in Belgium, Sunrise in Switzerland, Virgin Media in Ireland and UPC in Slovakia. Its global investment arm, Liberty Global Ventures, has a portfolio of more than 75 companies and funds across content, technology and infrastructure, including strategic stakes in ITV, Televisa Univision, Plume, Lionsgate and the Formula E racing series.
Liberty Global Ventures’ investment closes successful public market debutLiberty Global Ventures – Liberty Global’s investment arm, has seen the successful public debut of Skillz (NYSE: SKLZ), the...