The Japanese company COLOPL takes a strategic stake of 12.5% in the capital of CBI for 12.5 million euros and entrusts it with exclusive rights to operate the Web 3.0 game Brilliantcrypto
COLOPL is a Japanese company listed on the prime section of the Tokyo Stock Exchange with a market capitalization of over 400 million euros as of the date hereof. It specializes in creating and selling games and entertainment for smartphones, PC and console. COLOPL’s activities mainly include mobile games in Japan and overseas, as well as virtual reality applications. Some of COLOPL’s top mobile games include White Cat Project and Quiz RPG: The World of Mystic Wiz.
COLOPL invested 12.5 million euros in CBI through the acquisition of ordinary shares at a unit price of €0.3486, giving it 12.5% ownership of CBI’s capital. CBI will be responsible for publishing and distributing the Brilliantcrypto game in Europe and South America. CBI will provide a range of services including game promotion and marketing, covering associated costs over a period of three years. CBI has guaranteed minimum revenue of five million euros for Brilliantcrypto during this period.