Australia's Mighty Kingdom signs partnership with Google, shares at record low
31/05/2022 02:36
** Shares of video game developer Mighty Kingdom MKL.AX
drop ~11% to a record low of A$0.065
** Co signs contract with Google LLC for technology
partnership and adds that contract is a fixed term six-month
'work for hire' agreement (https://bit.ly/3LZcNO3)
** Contract also has options to extend with Mighty Kingdom
receiving milestone payments for development of gaming
experiences
** Australia's tech stock index .AXIJ drops 0.9% in early
trade and is the biggest pct loser on the benchmark
** Shares down ~60% this year
(Reporting by Indranil Sarkar in Bengaluru)
((Indranil.Sarkar@thomsonreuters.com;))