AlphaTON Capital acquires a 60% controlling stake in GAMEE for up to $11 million.

Nasdaq-listed AlphaTON Capital, the financial arm of TON (Total Non-Total Revenue) companies, announced a definitive agreement to acquire a 60% controlling stake in gaming platform GAMEE for up to $11 million, including a two-year, performance-linked additional payment. GAMEE, a wholly owned subsidiary of Animoca Brands, is valued at $18 million in the transaction. Under the terms of the agreement, AlphaTON Capital will take over the day-to-day operations of GAMEE and formally establish a strategic alliance with Animoca Brands, while prohibiting Animoca Brands from acquiring a controlling stake in AlphaTON Capital within two years. (Globenewswire)