I am pretty impressed with the world chess champion Magnus Carlsen, his manager Espen Agdestein and the Play Magnus Group on how they are allocating their IPO proceeds to expand and acquire strong brands such as New In Chess. It is always good to feel fresh entrepreneurial air within our sport.

The official announcement of the acquisition on MarketScreener:

Play Magnus (PMG) Secures Leading Library of Chess Content with the Acquisition of New In Chess

Disclaimer: The above may or may not reference my own investments and is ONLY for informational purposes. It is NOT investment advice. Seek your own licensed professional for any type of investment advice.

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George Mastrokoukos

George Mastrokoukos

Business Consultant, Digital Payments Research & Analysis, International Chess Master, Organiser and Promoter.