London mobile game streaming company acquires software developer for £765k

London based mobile content and data intelligence company Mobile Streams has announced that it has exercised its option to acquire the remaining 51 per cent interest in KrunchData Limited on the terms previously announced on March 25 2021.

The £765k consideration will consist of £265k cash and 166,666,666 in shares issued at 0.30p each, being the closing price yesterday.

Mobile Streams provides mobile games and content through its carrier relationships, through its LiveScores platform, and with partners including International Gaming Systems via its website.

The Streams Data business provides data insight, intelligence, visualisation services, and marketing optimisation tools. These are sold to clients and help to power the company’s core offerings.

Bob Moore, non-executive chairman, commented: “The Board is pleased to announce this transaction to acquire full ownership and control of KrunchData.

“KrunchData has provided the expertise, systems, software and IP which has enabled the Company to grow its Streams Data platform which supports the growth of our data insight, intelligence and visualisation services and marketing optimisation tools, as well as the growing content revenues from Esports and gaming.