Gameplay sells subsidiary for $1

A new record

Gameplay has sold off its subsidiary, which developed multi-player/multi-platform technology, for $1.

This represents a new record for Gameplay. It managed to sell its UK-based boxed games business for £1 in May.

An Israeli investor group is buying the Toga Holdings unit, which contains the gaming technology developer Gameplay Technologies. The investor group includes members of Toga's management.

Gameplay will own an initial 10 per cent of the reconstructed business and the investor group will assume the company's liabilities. ®

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