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Pin to quick picksBidstack Group Share News (BIDS)

  • This share is currently suspended. It was suspended at a price of 0.225

Share Price Information for Bidstack Group (BIDS)

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Share Price: 0.225
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Change: 0.00 (0.00%)
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Codemasters Partners With Fernando Alonso, Bidstack For Racing Game

Wed, 22nd May 2019 10:43

LONDON (Alliance News) - In-video game advertising group Bidstack Group PLC said on Wednesday it will provide native in-game advertising within video game developer Codemasters Group Holdings PLC's upcoming GRID game.

GRID is a racing game scheduled be launched on September 13 and will be available on video game consoles Playstation 4, Xbox One and Windows PC.

In December 2018, Bidstack signed a three-year deal with Codemasters to develop ads for two of Codemasters' titles.

In a separate announcement, Codemasters said it has signed up former Fomula One racing driver Fernando Alonso as a race consultant, to help the company make improvements in the game to the performance and handling of the cars.

Players of the game will also have a chance to race in-game against Alonso's esports driving team "FA Racing", before facing up against the driver himself.

"We are pleased to be able to disclose that we will be providing native in-game advertising within GRID, our second Codemasters title. As our relationship with Codemasters continues to grow, we are proud to give advertisers the opportunity to reach the true motorsport fan, via the trackside billboard space within this stunning game," said Bidstack Chief Executive Officer James Draper.

"We are delighted to work alongside Fernando Alonso who is arguably one of the world's greatest ever drivers. His experience and knowledge has enabled us to make improvements to both the performance and handling of our cars. We could not be more proud to have signed him both in-game and as a race consultant. We can't wait for our players to experience the final version," said Chris Smith, GRID game director for Codemasters.

Shares in Codemasters were up 4.1% at 223.90 pence, while Bidstack shares were 9.1% higher at 19.10p on Wednesday.

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IN BRIEF: Bidstack falls into administration as rescue talks fail

Bidstack Group PLC - London-based in-game advertising company - Announces that the funding alternatives being explored as part of a strategic review have so far not produced any tangible solvent offers. Bidstack says this is despite a "concerted effort" including approaches from upwards of 200 potential buyers of the group's business and assets. Notes there has also been no further progress with Irdeto BV with regard to a convertible loan note agreement. Therefore, Bidstack decides to file a notice of intention to appoint managing directors from Alvarez & Marsal Europe LLP as administrators. Requests suspension of shares from Monday.

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Bidstack launches strategic review as Irdeto loan deal stalls

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IN BRIEF: Bidstack receives funding from existing investor, Irdeto

Bidstack Group PLC - London-based in-game advertising firm - Enters loan agreement, subscription and share option agreement and a composite guarantee and debenture with Irdeto BV. Explains these will provide a secured convertible loan note facility of up to four separate tranches of GBP0.6 million each. Notes Irdeto, a leader in digital platform cybersecurity, invested GBP5 million in Bidstack as part of a fundraise in October 2022. Irdeto currently holds around 13% of the total voting rights in Bidstack. Funds received will provide working capital. In addition, proposes a 1,000 for 1 consolidation of shares.

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