Games & Commerce
Pearl Abyss sells entire stake in CCP
Pearl Abyss is selling its entire stake in CCP, a game developer and an overseas subsidiary, to CCP’s current management as it seeks to improve its financial structure and boost management efficiency. The company said its Iceland unit will sell 10,973,763 shares. The disposal value is 177.1 billion won, or 15.4 percent of consolidated assets. The figure includes $100 million in cash and token acquisition rights worth $20 million.