NEKCOM: GCL Acquires 20% Stake and Global Publishing Rights for Upcoming Game
Deal News | Feb 14, 2025 | Globenewswire
GCL Global Holdings Ltd, a leading provider of games and entertainment, has acquired 20% equity in NEKCOM Inc., a video game developer, and gained the global publishing rights for NEKCOM's upcoming game, 'Showa American Story'. This transaction was executed through a Series B Preferred Stock Purchase Agreement, effective from December 18, 2024. Following the acquisition, GCL's Group Chairman, Jacky Choo See Wee, has joined NEKCOM's Board of Directors. The acquisition also allows GCL's publishing division, 4Divinity, to manage the worldwide release of the anticipated game which is themed around 80's pop culture. The game features a mix of combat against monsters and a customizable journey across a fictional version of North America. Both companies, GCL and NEKCOM, expressed optimism about their partnership, citing synergies in creativity and market expansion. They anticipate that 'Showa American Story' will resonate well with global audiences upon its release in 2025.
Sectors
- Video Games and Entertainment
- Mergers and Acquisitions
Geography
- Singapore – GCL Global Holdings Ltd is based in Singapore, highlighting its role and influence in the Asian gaming market.
- China – NEKCOM has a game development center in Wuhan, China, emphasizing China's significance in the global video gaming landscape.
- United States – NEKCOM maintains offices in New York and Los Angeles, reflecting the collaborative ties and market penetration in the US gaming and entertainment markets.
Industry
- Video Games and Entertainment – The article focuses on GCL's acquisition in the video game sector, highlighting their interest in publishing rights and creative development within the gaming industry.
- Mergers and Acquisitions – GCL's acquisition of a 20% stake in NEKCOM showcases the strategic transactions landscape in expanding market footprints within the gaming industry.
Financials
- 20% – Represents the equity stake acquired by GCL in NEKCOM.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GCL Global Holdings Ltd | Acquirer | Company | A leading provider of immersive games and entertainment experiences based in Singapore, expanding its global market through strategic acquisitions. |
| NEKCOM Inc. | Target Company | Company | A distinctive video game developer known for creating console and PC games, with a global footprint including offices in the US and development in China. |
| 4Divinity | Publisher | Company | GCL's publishing arm responsible for handling the global release of NEKCOM's 'Showa American Story'. |
| Jacky Choo See Wee | Director/Executive | Person | GCL's Group Chairman and newly appointed director on NEKCOM's Board of Directors following the acquisition. |
| Xiangyu Luo | Founder and Lead Producer | Person | Founder of NEKCOM, hailed for his creative vision in the gaming industry, leading the development of 'Showa American Story'. |