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GCL Announces Expanded $10 Million Strategic Investment from ADATA Technology to Accelerate Global Entertainment and Digital Growth
Globenewswire· 2026-01-30 11:00
Core Insights - GCL Global Holdings Ltd's publishing subsidiary, 4Divinity, has secured an additional $10 million investment from ADATA Technology, valuing 4Divinity at $250 million [1][3] - The investment aims to enhance 4Divinity's capabilities in securing global game titles and improving its digital distribution infrastructure [1][3] - ADATA and 4Divinity plan to explore operational synergies, including the development of branded memory cards and gaming peripherals [2][8] Investment Details - The recent investment follows an initial $3 million investment from ADATA in December 2025 [1] - The investment was closed at a price of $2.50 per share, contributing to a total valuation of $250 million for 4Divinity [1] Strategic Goals - The investment is intended to provide 4Divinity with the financial agility to capture market share and integrate ADATA's technology into future gaming experiences [3] - 4Divinity aims to transition from a regional player to a global contender in the gaming market, supported by ADATA's long-term innovation focus [3][8] Company Background - GCL Global Holdings is a holding company focused on the gaming and entertainment sector, with a strategic emphasis on the Asian gaming market [5][6] - 4Divinity is a majority-owned subsidiary of GCL, dedicated to publishing games and introducing Asian content to a global audience [6]
PRESS RELEASE: NACON: Availability of the 2025/26 half-year Financial Report
Globenewswire· 2025-12-30 17:16
Core Viewpoint - Nacon has announced the availability of its 2025/26 half-year financial report, which has been impacted by a legal dispute requiring a restatement of the financial accounts [2][3]. Financial Report Availability - The 2025/26 half-year financial report is accessible on Nacon's corporate website under the "Investor' Area" and "Financial Information" sections [2]. Restatement of Financial Accounts - Nacon's auditors required a restatement of the half-year accounts due to an ongoing legal dispute, leading to a provision of €2.5 million being recorded [3]. - The restatement has caused a delay in the release of the half-year financial report, which was initially published on November 24 [3]. Legal Dispute Details - The legal dispute, ongoing for over 15 years, involves patents held by Nintendo concerning controllers that are no longer marketed by Nacon [4]. - A recent unfavorable ruling by German courts against Bigben Interactive GmbH, Nacon's distribution subsidiary, has prompted the company to appeal the decision [4][5]. Upcoming Events - The third-quarter financial results for 2025/26 are scheduled to be released on January 19, 2026, after market close [6]. Company Overview - Nacon, a subsidiary of the BIGBEN group, was established in 2019 and focuses on optimizing expertise in the video game market, with 16 development studios and a distribution network in 100 countries [6]. - For the fiscal year 2024/2025, Nacon reported IFRS revenue of €167.9 million and an operating profit of €1.1 million [6].