Alpha Compute acquires majority stake in GAMEE for approximately $11 million

Odaily, Nasdaq-listed company Alpha Compute has announced the completion of a majority stake acquisition in gaming and digital rewards platform GAMEE, officially obtaining a 60% controlling interest. The transaction had previously satisfied all regulatory and closing conditions.

According to the agreement, Alpha Compute acquired GAMEE for approximately $11 million, implying a valuation of around $18 million, with the counterparty being Animoca Brands. The transaction structure includes cash, stock, and future performance-based earnouts, along with two-year EBITDA milestone incentive clauses. Additionally, approximately 878 million GMEE tokens related to Animoca were also included in the transaction arrangement.

Following this transaction, Alpha Compute will establish a new AI gaming division, Alpha Games, with GAMEE founder Bozena Rezab serving as Executive Vice President. GAMEE will be integrated into Alpha Compute's AI infrastructure system and will synergize with its GPU computing power platform.