REG-VK Company VK announces the sale of MY.GAMES

VKAnnouncement

27/09/2022 17:30

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   VK Company (VKCO)
   VK announces the sale of MY.GAMES

   27-Sep-2022 / 19:30 MSK
   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   September 27, 2022

    

                       VK announces the sale of MY.GAMES

    

   VK Company  Limited (LSE,  MOEX: VKCO),  hereinafter referred  to as  "the
   Company"  and  together  with  its  subsidiaries  “VK”  or  "the  Group"),
   announces the sale of MY.GAMES to Aleksander Chachava, Managing partner of
   LETA Capital.

    

   VK announces  the completion  of a  multi-stage selection  procedure of  a
   buyer of  its  gaming  division with  the  sale  of 100%  of  MY.GAMES  to
   Aleksander Chachava, Managing partner of  LETA Capital. The deal  includes
   all the assets of MY.GAMES such as its studios and game products.

    

   The deal value amounted  to 642 million  dollars. Vladimir Nikolskiy,  the
   co-founder of MY.GAMES, will leave VK to continue to develop MY.GAMES.

    

   VK will continue  to develop  its own gaming  services under  the VK  Play
   brand. VK Play  is the largest  Russian game platform,  launched in  April
   2022. It brings together all  the popular game-related entertainment  into
   one place and  includes a  catalog of games,  cloud gaming,  VK Play  Live
   streaming platform, tournament  platform and news  media. Vasily  Maguryan
   will be appointed  the head  of VK  Play. He has  been in  charge of  VK's
   gaming business for more than eight years.

    

   For further information please contact:

    

   VK PR team

    1 pr@vk.team

    

   VK IR team

    2 ir@vk.team

    

    

    

   VK is one of the largest technology companies in Russia. Its products help
   millions of people with  their day-to-day needs online.  More than 90%  of
   the Russian internet audience use VK services, which enable people to keep
   in touch, play video games, master new skills, listen to music, watch  and
   create video content, buy  and offer goods and  services and fulfill  wide
   range of  other needs.  The company  provides a  number of  solutions  for
   digitizing  business  processes,  from  online  promotion  and  predictive
   analytics to  corporate social  networks,  cloud services  and  enterprise
   automation.

    

   The venture  capital firm  LETA Capital  invests in  the technologies  for
   tomorrow using  a  data-driven  approach to  select  the  best  investment
   opportunities. LETA Capital's priority areas are projects in the field  of
   AI/ML technologies,  process automation,  Big Data  analytics, gaming  and
   VR/AR. More  than 30  companies are  in funds  portfolio managed  by  LETA
   Capital. The ideal investment target for LETA are businesses that  operate
   in global  markets,  engage  in  innovative  IT  developments  and  change
   traditional approaches in industries with the help of new technologies.

    

    

    

    

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   ISIN:          US5603172082
   Category Code: DIS
   TIDM:          VKCO
   LEI Code:      2138009IXUP41SPL5B50
   Sequence No.:  190834
   EQS News ID:   1451495


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:pr@vk.team
   2. mailto:ir@vk.team


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