Chess.com, which has become indispensable for chess players and has been providing many chess-related services for years, made an offer to buy 100% of the shares of Play Magnus Group. Report informs, citing NRK, that Play Magnus Group accepted the offer.
The purchase offer was made for a total of $83 million, all cash, and $1.35 per share.
World Chess Champion Magnus Carlsen is Play Magnus Group Co-Founder.
Established in 2007, Chess.com is the leader among chess sites, with more than 400 team members today. Chess.com provides many services on chess. The company’s versatile portfolio includes coaching, social network, newsfeed, tactics, and puzzles. The company also has two platforms, Chesskid.com for kids and ChessTV for chess broadcasts.