Winking Studios to Acquire Canada-Based Studios Ampera; Shares Surge 11%

MT Newswires

03/27

Winking Studios (SGX:WKS) signed a share purchase agreement to acquire Canada-based Studios Ampera for CA$525,100 in cash and a deferred issuance of 10 million new shares in the company, according to a Friday filing with the Singapore Exchange.

Following the completion of the acquisition, Ampera founder Claude Bordeleau will join Winking Studios as its group chief revenue officer.

The proposed acquisition is part of the company's strategy to accelerate its presence in Western markets.

Shares of the gaming studio surged over 11% in Friday trading.

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