OneVerse Gaming Embarks on Acquisition Spree to Bolster Gaming Portfolio

OneVerse Acquiring Games
Preeti Bali / 1:46 pm / March 13, 2024

OneVerse Gaming, a company pioneering metaverse and gaming technologies, has recently acquired two key players in the online gaming space: Calling Station, an online poker platform, and BatBall11, a fantasy sports platform. This strategic move strengthens OneVerse’s foothold in the burgeoning gaming industry.

Financial Details Remain Confidential

While the company has chosen not to disclose the financial terms of these acquisitions, the move follows their recent purchase of online game development studio Spartan Poker, for an undisclosed amount.

Building a Gaming Ecosystem Through Mergers and Acquisitions

OneVerse’s CEO, E. Paul Micheal, revealed to Inc42 that these acquisitions align with the company’s M&A strategy. This strategy focuses on creating a synergistic gaming ecosystem by uniting various gaming entities. By bringing together diverse platforms, OneVerse aims to offer a comprehensive and engaging gaming experience for a wider audience.

Micheal further elaborated on OneVerse’s ambitious plans for future growth. The company intends to pursue an aggressive acquisition strategy, targeting an additional seven to eight companies in the coming days. These acquisitions will focus on both Real Money Gaming (RMG) and casual gaming categories, catering to a broader spectrum of gamers.

Fueling Growth with Strategic Investment

In addition to these strategic acquisitions, OneVerse is also planning a significant investment of INR 250 Crore (approximately $31 million). This capital infusion will be distributed across OneVerse’s portfolio of planned investments, empowering the company to further solidify its position within the gaming industry.

OneVerse’s recent acquisitions and planned investments signal the company’s commitment to becoming a prominent leader within the rapidly evolving world of online gaming and the metaverse.

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