Australia's Streamplay Studio hits 2-1/2-year high on buying Zplay's Noodlecake Studios

Streamplay Studio

25/11/2024 02:45

** Streamplay Studio  SP8.AX  rises as much as 36.4% to
A$0.019; highest since May 5, 2022
    ** Stock set for strongest session since May 2022
    ** Gaming firm to buy North America's Indie gaming company
Noodlecake Studios from its parent Zplay Technology for A$9 mln
($5.8 mln)
    ** Noodlecake will work closely with Streamplay's R&D teams
to develop tools to streamline Noodlecake's publishing division
    ** More than 63 mln shares traded in stock's busiest session
since July 22, 2021
    ** Stock up 37.5% this year, as of last close

($1 = A$1.5305)

 (Reporting by Namrata Verma in Bengaluru)
 ((Namrata.Verma@thomsonreuters.com;))