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Motorsport Games to Acquire KartKraft to Add Karting to Product Portfolio
Monday 22 February 2021

Miami, US-based racing game developer Motorsport Games Inc. (NASDAQ: MSGM) has entered into a binding term sheet to acquire the assets and the business of Australian PC kart racing simulator KartKraft from developer Black Delta, the company said.

Under the terms of the binding term sheet, Motorsport Games expects to take ownership of the KartKraft IP as well as all the game assets and code.

Key members of the original development team, are expected to join Motorsport Games to form a new studio called Motorsport Games Australia, under which development of KartKraft will continue.

Additional terms of the transaction were not disclosed.

KartKraft will further expand Motorsport Games' product portfolio, content development, digital product sales capabilities, and provide an opportunity to expand the company's esports ecosystem.

Motorsport Games, a Motorsport Network company, is a racing game developer, publisher and esports ecosystem provider of official motorsport racing series.
Date Published: 22/02/2021