Updated Mar 23, 2026 by PCF Group
PCF Group S.A. signed a letter of intent on 31 March 2021 to acquire the Chicago-based development team of Phosphor Games, LLC.
The acquisition is being funded by a USD 5 million loan provided to the subsidiary People Can Fly U.S., LLC, which is secured by the subsidiary's intellectual property.
The loan terms include an interest rate of LIBOR plus 2% with a ten-year maturity period.
The parties entered an exclusive negotiation period that was scheduled to conclude on 30 April 2021.
PCF Group S.A. delayed the public disclosure of this information until 23 April 2021, citing the need to protect negotiation dynamics and transaction terms under EU Market Abuse Regulation (MAR) provisions.
The company maintains that the signing of the letter of intent does not guarantee the final completion of the acquisition.
PCF Group S.A. signed a letter of intent on 31 March 2021 to acquire the Chicago-based development team of Phosphor Games, LLC.
The acquisition is being funded by a USD 5 million loan provided to the subsidiary People Can Fly U.S., LLC, which is secured by the subsidiary's intellectual property.
The loan terms include an interest rate of LIBOR plus 2% with a ten-year maturity period.
The parties entered an exclusive negotiation period that was scheduled to conclude on 30 April 2021.
PCF Group S.A. delayed the public disclosure of this information until 23 April 2021, citing the need to protect negotiation dynamics and transaction terms under EU Market Abuse Regulation (MAR) provisions.
The company maintains that the signing of the letter of intent does not guarantee the final completion of the acquisition.