Dynasty Update
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Blue Star Capital plc (AIM: BLU), the investing company with a focus on esports and blockchain and its applications within gaming and payments, provides the following update for Dynasty Gaming & Media Pte Ltd ("Dynasty"), an investee company, following its completion of the acquisition of Lets Play Live Media ("LPL").
Further to the announcement of 6 June 2024, Dynasty has announced that it has completed the 100% acquisition of Lets Play Live in an all-share transaction for a consideration of approximately 15 per cent. of Dynasty's issued shares.
LPL is the largest gaming tournament operator and broadcaster in Oceania, and the fastest growing in Southeast Asia, and the exclusive partner for many of the world's leading publishers operating major gaming events in the region, including Epic Games, EA, Riot Games, and Supercell.
As announced previously, Dynasty considers that the acquisition of LPL will provide it with strategic and highly complementary capabilities in the areas of tournament organisation, production, and broadcast and it will also deliver exclusive game event IP from the world's leading games publishers.
Blue Star currently owns approximately 2.0 per cent of Dynasty.
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