LegalPlayWay
Current Report No. 26/2016: Acquisition of Shares in Rejected Games Sp. z o.o.
14 Dec 20161 pages~1 min full read
PlayWay S.A. has acquired a 57% controlling interest in the Katowice-based studio Rejected Games.
The acquisition was finalized through a cash contribution of 249,945 PLN in exchange for newly subscribed shares.
The investment is primarily intended to fund the development of the studio's upcoming title, Mr. Prepper, and support general operational costs.
The deal formalizes a partnership initiated in mid-November 2016 with studio partners Maciej Latocha, Jacek Polaczek, and Łukasz Stąporek.
The transaction is pending formal registration of the share capital increase in the National Court Register.
This acquisition serves PlayWay’s broader strategy of expanding its portfolio within the simulation and survival game genres by investing in specialized development teams.
PlayWay S.A. has finalized an investment agreement to acquire a majority stake in the Katowice-based development studio Rejected Games. This transaction follows an initial investment agreement established in mid-November 2016 between the parent company and individual partners Maciej Latocha, Jacek Polaczek, and Łukasz Stąporek. By submitting formal declarations to join the company and subscribe to new shares, PlayWay has committed a cash contribution totaling 249,945 PLN.
Upon the formal registration of the share capital increase in the National Court Register, PlayWay will hold a 57% controlling interest in Rejected Games. This strategic acquisition expands the parent company’s internal development portfolio within the Polish game industry. The primary objective of this capital injection is to provide the necessary funding for the production of the upcoming title Mr. Prepper, alongside other operational requirements of the studio.
The transaction highlights a specific moment in the late 2016 expansion of the PlayWay ecosystem, focusing on the simulation and survival genre segments. This move aligns with the company's broader business model of investing in smaller, specialized development teams to diversify its product pipeline. The financial and structural details of the deal were disclosed in accordance with market abuse regulations regarding inside information for publicly traded entities in Poland.
