13:56 5 August 2024
Silk Road Games buys 41% of shares in Big Cheese Studio for PLN 22.4 mln
PlayWay's accelerated build-up of Silk Road Games has led the global distributor to acquire a 41.44% stake in Big Cheese Studio, bringing its total holding to around 50%. This majority stake allows Silk Road Games to effectively manage and set strategic goals for the studio. The purchase price per share was PLN 14.15. Silk Road Games aims to enhance its position in the gaming industry by expanding its capital group, advancing its publishing and production capabilities, and improving quality assurance, localization, marketing, and global distribution.
Following this transaction, PlayWay will no longer hold shares in Big Cheese Studio. Additionally, Silk Road Games has repurchased about 25% of its shares from PlayWay, regaining full control of the company. Future plans include strengthening production for the sequel to Cooking Simulator and adding capital market and gamedev experts to the supervisory board. The company also plans to expand its operations in China and enhance its global presence, leveraging its expertise and connections in the Chinese market.
