ProSiebenSat.1 merges games subsidiary into Gamigo

ProSiebenSat.1German media group ProSiebenSat.1 has agreed to merge its games subsidiary Aeria Games Europe into international games provider Gamigo AG.

ProSiebenSat.1 is merging its 100% ownership of Aeria Games Europe into Gamigo and will become a minority shareholder in the combined entity with a 33% stake.

ProSiebenSat.1 acquired Aeria Games Europe in 2014 and has since focused on developing the company as a provider of mobile games.

According to the media group, the combined entity will be able to tap into considerable synergies and will have products that reach 100 million gamers across 40 countries worldwide.