OneVerse, a gaming tech company, plans to acquire over a dozen gaming firms
. The gaming sector faces pressure from a 28% GST on player deposits.
This tax burden has led to closures and layoffs in the industry
OneVerse aims to acquire companies affected by the GST, including those in real money games
They also target casual gaming firms and esports platforms.
Negotiations are underway with potential acquisition targets
Within 3-4 months, they plan to acquire 8 companies
By year-end, all 13 targeted companies will be acquired
OneVerse's founder, Prashanth Joshua, revealed the acquisition strategy.
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