gamigo's Primary Owner Completes Purchase Of Nearly All Shares Of Company
The company that bought Trion Worlds has itself been bought. Or rather, it's been more fully bought. And it mostly happened a month ago.
As MassivelyOP noted via the Rift forums, gamigo's primary shareholder, Media and Games Invest, upped its ownership of the company from 53% to 98% in February. A more recent press release has that number going up to 99.9%. MGI is trying to acquire that last 0.1% of shares, and if it fails to do so, "a squeeze-out of these shareholders will be aimed for." Sounds unpleasant.
MGI CEO Remco Westermann said that the move will help "create additional value for each MGI share from day one" and that the "integration will enable us to fully leverage the synergies between the companies in our group. We will simplify our structure and be able to operate even more efficiently."
All that corporate-talk sounds a lot like there will be layoffs, but until that happens, Rift, Defiance, ArcheAge, and Trove fans can maintain a smidgen of hope that their games will improve rather than be simply gutted for parts.
About the Author

Jason Winter is a veteran gaming journalist, he brings a wide range of experience to MMOBomb, including two years with Beckett Media where he served as the editor of the leading gaming magazine Massive Online Gamer. He has also written professionally for several gaming websites.
You May Enjoy
The 6th Season Of Dungeons & Dragons Online's Hardcore League Is Now Available Until October
Climb the player ranks and win a spot in the Hall of Heroes.
By Anthony Jones - 1 week agoFinal Fantasy XIV’s Patch 6.2 Special Site Is Now Available, But Phase 1 Of NA Data Center Work Is Delayed
There’s word on the North American Data Center expansion, too.
By QuintLyn Bowers - 1 week agoFinal Fantasy XIV Special Site Updated With More Info On Main Scenario, Island Sanctuary, And Pics!
We finally have non-pixelated pictures of the island sanctuary.
By QuintLyn Bowers - 4 days agoTencent Is Planning On Buying More Shares In Ubisoft, But Things Aren't Nearly As "Hostile" As A Few Years Ago
The media giant is willing to pay more than the company’s current stock value.
By QuintLyn Bowers - 3 days agoActivision Supposedly Won’t Release A Mainline Call Of Duty Game In 2023...So New "Premium" Content It Is Then
However, ‘premium paid content’ is on the way.
By Aspen Pash - 6 days agoFinal Fantasy XIV Introduces New Starter Guide Videos For New Players
Kaz and his mentor Mayra guide players through the early stages of the game.
By QuintLyn Bowers - 23 hours ago
Discussion (1)