GCL Asia plans potential 20% stake acquisition in LEAP

GCL Global announced that it has entered into a term sheet with LEAP Studio Limited, a game studio in Hong Kong and its affiliates, LEAP. The term sheet outlines certain key terms of a proposed partnership among the parties and their affiliated entities, including GCL‘s potential 20% equity investment in LEAP, and LEAP’s plan to appoint 4Divinity, GCL’s publishing subsidiary, as its exclusive global publisher for its upcoming game title “Realm of Ink.” Parties have agreed to negotiate in good faith a definitive agreement incorporating the key terms contained in the MOU.