BMH Bräutigam & Partner advises Covus Holding on sale of Covus Games to ProSiebenSat1 Digital
BMH Bräutigam & Partner has advised Covus Holding GmbH on the sale of a 51 percent stake in the onlinegames marketer Covus Games to ProSiebenSat.1 Digital, a subsidiary of ProSiebenSat.1 Group.
The remaining portion will transfer to the tv group in 2013. The sole shareholder, Sven Lubek, will remain managing director of Covus Games.
Covus Games operates the extensive gaming protal browsergames.de. The website browsergames.de counts 1.8 million visitors a month, making it the browser-based online games portal with the furthest reach in the German speaking countries. Covus Games also runs the browsergames portal in three additional languages, currently in Poland, Great Britain and USA.
With its editorial content and its experience in the areas of development and marketing of online games, the business strenghens the online gaming portfolio of ProSiebenSat.1 Digital. According to its own statement, ProSiebenSat.1 Group aims to become one of the top three providers in Europe in the online games sector – one of the fastes growing segments in the entertainment industry worldwide.