Play Magnus Group receives Chess.com offer

Play Magnus Group (PMG), that includes chess24, has received an offer from Chess.com that may see the two companies join forces. The offer values PMG at around $82.5 million and will take around two months to finalise, subject to shareholder approval and other closing conditions. Magnus Carlsen commented, “now we are entering a new era, and the combination of these two companies creates opportunities for the game of chess that no-one has imagined before”.

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