Gfinity (GFIN) shares are gaining on Wednesday after announcing it has acquired the trade and assets of SiegeGG Corporation.
SiegeGG operates siege.gg, a website for statistics, analysis and news around the Rainbow Six Siege video game. The company will become a part of the Gfinity Digital Media group.
Rainbow Six Siege is a first-person shooter game developed and published by Ubisoft. It has more than 70 million registered users.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
The siege.gg website currently delivers one million page views per month and has nearly 100,000 Twitter followers.
SiegeGG Corporation, the previous owners of SiegeGG, will be issued 9 million Gfinity shares as part of the deal. The company’s founders will also be entitled to an annual payment of 30% of revenues in the first two years following the acquisition. Additionally, they will be entitled to a yearly fee of 20% of the net profits generated by SiegeGG in the first two years following the deal.
Gfinity said the acquisition gives it ownership of the underlying technology used to develop SiegeGG’s statistical analysis, which the company will use on other game titles.
“SiegeGG benefits from a highly engaged community of fans and industry-leading statistical analysis. Together with Gfinity’s technology and engagement expertise, we look forward to taking the site to the next level and leveraging the technology across multiple game titles,” said John Clarke, Gfinity CEO.
Gfinity shares rose to 4.6p following the news. They are currently trading at 4.5p, up 1.12%.
Should you invest in Gfinity shares?
Gfinity shares are traded on the London stock exchange’s AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are Gfinity shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies
