Playmagnus Press Release

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Matthew Turner
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Playmagnus Press Release

Post by Matthew Turner » Wed Aug 24, 2022 4:02 pm

Playmagnus have issued a press release today

https://live.euronext.com/en/product/eq ... e-11791954

Interesting

Paul Cooksey
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Re: Playmagnus Press Release

Post by Paul Cooksey » Wed Aug 24, 2022 4:09 pm

Danny Rensch and Magnus explaining the acquisition of Play Magnus by chess.com

https://www.youtube.com/watch?v=DP-K0mYHeD0

LawrenceCooper
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Re: Playmagnus Press Release

Post by LawrenceCooper » Wed Aug 24, 2022 4:17 pm

Ironically, Magnus lost his record of winning Titled Tuesday whenever he plays last night, converting 7/7 into 8/11.

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Carl Hibbard
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Re: Playmagnus Press Release

Post by Carl Hibbard » Wed Aug 24, 2022 6:10 pm

Bit of a shocker with Chess24 be owned too?
Cheers
Carl Hibbard

Paul Cooksey
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Re: Playmagnus Press Release

Post by Paul Cooksey » Wed Aug 24, 2022 6:15 pm

Yes, part of the group.

I assume - as the traditional joke goes - they will take the chess from chess24 and the .com from chess.com to create a new company name.

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Carl Hibbard
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Re: Playmagnus Press Release

Post by Carl Hibbard » Wed Aug 24, 2022 6:20 pm

Paul Cooksey wrote:
Wed Aug 24, 2022 6:15 pm
Yes, part of the group.

I assume - as the traditional joke goes - they will take the chess from chess24 and the .com from chess.com to create a new company name.
Very surprised chess.com is big enough to even do this.
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Carl Hibbard

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Carl Hibbard
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Re: Playmagnus Press Release

Post by Carl Hibbard » Wed Aug 24, 2022 6:26 pm

$82.5 million valuation.
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Carl Hibbard

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Joey Stewart
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Re: Playmagnus Press Release

Post by Joey Stewart » Wed Aug 24, 2022 6:56 pm

They must have made a fortune during lockdown - their membership increased almost tenfold during that time alone. Shame they arent publicly traded really...
Lose one queen and it is a disaster, Lose 1000 queens and it is just a statistic.