Jun 14, 2021 05:51 PM (GMT+8) · EqualOcean
Tianshen entertainment announced that the company plans to transfer 93.5417% of the equity of fantasy Yueyou at the consideration of 903 million yuan. After the transaction, the company no longer holds the equity of fantasy Yueyou, and the transaction is expected to generate about 130 million yuan. It is reported that fantasy Yueyou, as a pure overseas game publisher, has suffered a serious squeeze in profit margin with the rising cost of game acquisition and promotion in recent years, and has formed a continuous loss in 2019 and 2020.