GameSquare sells non-core content management software, PR distribution assets

GameSquare Holdings announces that on May 31, 2024, GameSquare and its Frankly Media sold certain non-core assets. Immergo acquired Frankly’s Content Management Software and XPR acquired Frankly’s PR distribution business. Combined Frankly’s CMS and PR distribution assets generated approximately $1.6 million in annual revenue, and GameSquare sold these non-core assets for a total consideration of $2.2 million that will be paid over a three-year period. GameSquare also removed approximately $2.3 million of annual operating expenses associated with these businesses.