tinyBuild Inc. ( (GB:TBLD) ) has issued an announcement.
tinyBuild Inc. has announced the sale of Red Cerberus, a quality assurance and testing company based in Sao Paolo, Brazil, to a North American consultive software and hardware firm for $1.5 million. This strategic move allows tinyBuild to streamline its portfolio and focus on its core strength of developing and growing new game IPs, with plans to launch high-potential games in 2025, thereby enhancing its long-term revenue potential.
More about tinyBuild Inc.
Founded in 2013, tinyBuild Inc. is a global video games publisher and developer known for its extensive catalogue of over 70 premium titles across various genres. The company focuses on developing its own intellectual property to create multi-game and multimedia franchises, partnering with developers worldwide. Headquartered in the USA, tinyBuild operates across the Americas and Europe, leveraging its broad geographical presence to source high-potential IP and engage with a loyal customer base through innovative marketing strategies.
YTD Price Performance: -17.86%
Average Trading Volume: 250,237
Technical Sentiment Signal: Buy
Current Market Cap: £22.84M
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