Game Show Network's transfer of its GSN Games business
First written in FY2022-Q2. 1 of 2 entries say "Achieved", first in FY2022-Q3. Latest entry: FY2022-Q3.
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- FY2022-Q3AchievedAnnual report
「On 6 December 2021, Sony completed the transfer of GSN Games, a division of Game Show Network, LLC, a wholly owned subsidiary in the film business, to Scopely, Inc. The consideration was ¥114,724 million (US$1,008 million), of which ¥57,801 million (US$508 million) was received in cash and ¥56,923 million (US$500 million) in Scopely preferred stock. The consideration will be subject to certain adjustments for working capital and other items.」
The transfer of GSN Games to Scopely was completed on 6 December 2021, and consideration of ¥114,724 million was disclosed. - FY2022-Q2First statedAnnual report
「On 16 October 2021, Sony agreed to transfer GSN Games, a division of Game Show Network, LLC, a wholly owned subsidiary in the film business, to Scopely, Inc. (hereinafter “Scopely”). Completion of the transaction was subject to obtaining approvals and permits from the relevant authorities. The consideration for the transaction was approximately US$1 billion, of which US$500 million would be received in cash and the remainder in Scopely preferred stock. The consideration would be determined after certain adjustments for working capital and other items.」
The Company newly disclosed an agreement to transfer GSN Games from Game Show Network in the film business. Consideration was approximately US$1 billion, consisting of US$500 million in cash and Scopely preferred stock, with completion subject to regulatory approvals and other conditions.