Planetwide Merges to Get Public Listing

Planetwide Games, the North American distributor of RYL Online and creator of the recently ann...
Planetwide Games, the North American distributor of RYL Online and creator of the recently announced Bluetorch MOX extreme sports MMO, has announced the signature of a letter of intent to merge with SP Holding Corporation. After the merger, Planetwide will be the controlling company with 95% of the company stock, compared to 5% owned by SP. The move seems to have been transacted in order to get Planetwide listed publicly on the stock market and possibly funding continuing growth; as Planetwide CEO Marvin Winkler said, "Planetwide Games is pleased to join with SP Holding Corporation, which will establish Planetwide as a publicly traded company with a strong core shareholder base. Planetwide Games has made significant progress during the past year and we are confident that a public listing will increase our visibility with current and potential partners and better position Planetwide Games to fund and implement its growth plan." The transaction is not yet finalized, pending a definitive agreement between the two companies. Once the deal does go through, both companies will be debt-free and Planetwide, which also recently signed a deal to create a line of video games based on the dirt track racing series including the World of Outlaws Sprint Series, will have roughly $5 million in cash on hand.

Latest Jobs

Manticore Games

San Mateo, California
Senior Software Engineer - Mobile

Sony PlayStation

San Diego, California
Sr. Online Programmer

The Walt Disney Company

Glendale, California
Associate Marketing Manager - Walt Disney Games

Insomniac Games

Burbank, California
Accessibility Design Researcher
More Jobs   


Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter


Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Follow us


Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more