Firy Sells Stake in Exit Games for $55 Million
Firy (NASDAQ: FIRY) announced on October 2 that it has completed the sale of a 10.5% stake in Exit Games back to the company, receiving $55 million in cash proceeds. The transaction adds liquidity to Firy’s balance sheet and marks an exit from its investment position in the game networking services provider. Exit Games is known for developing high-performance multiplayer solutions used by major gaming studios worldwide. By selling this stake, Firy has unlocked significant capital without disclosing further strategic plans or how it intends to use the funds. The move could signal a shift toward financial optimization and asset management on behalf of Firy.
Topics: Corporate Finance M&A