Cineplex acquires WorldGaming from owner Difference Capital
Canadian specialty finance firm Difference Capital Financial (DCF) has sold its majority interest in WG Ltd, which operates as WorldGaming, a Toronto-based online gaming platform that facilitates tournaments, leagues and gaming ladders for the competitive gaming community. The buyer was Cineplex Inc (TSX: CGX), which is investing US$10 million to obtain an 80 percent stake in WorldGaming. Cineplex will invest an additional US$5 million to expand the business, DCF said. DCF, which will retain a small equity stake in the company, expects to receive $6.4 million from the deal.
17 September 2015•2 mins read
