Ten Square Games in no rush to carry out acquisitions (updated)

Ten Square Games

22/11/2022 12:52

(Adds details and quotes)
       GDANSK, Nov 22 (Reuters) - Polish mobile game producer
Ten Square Games  TENP.WA  is not in a hurry to seal merger
deals, its CEO said on Tuesday.
    "Our M&A team is now on the search, meeting, looking if
there are any interesting targets out there, but we are...in no
rush to carry out acquisitions at this moment," Maciej Zuzalek
said. 
    The CEO said that although the company had been recovering
during the last nine months, the highly uncertain market had
caused difficulties, pointing to struggles on the user
acquisition front and changes in different parts of the
business. 
    The company is focused on what it can do, he said, such as
finding new clients for its games, something that will continue
through the next quarters. 
    "What we're planning to do is to come in 2023 and talk more
about the long-term plans and strategy of TSG", Zuzalek said.
 (Reporting by Anna Banacka and Mateusz Rabiega
Editing by David Goodman, Kirsten Donovan)
 ((anna.banacka@thomsonreuters.com; +48 58 769 65 65;))