Frogster Interactive: New Major Shareholder and Takeover Bid
In the midst of preparing for their appearance at GamesCom in Cologne, Germany, Frogster Interactive has announced a new major shareholder in their company, Gameforge AG, who now holds 60% of the controlling share. In addition, Gameforge AG announced a takeover bid of 25 Euro per share. The company behind two highly-anticipated MMOs, Mythos and Tera Online, will be sustained as an independent company and keep all teams in all locations intact. Despite the bid, Frogster Interactive will be at GamesCom in full force to display their upcoming MMOs for the first time. With the release of their upcoming MMOs and its ‘Project X’ from Runes of Magic, Frogster still expects a strong and profitable expansion for 2011.
