ProSiebenSat.1 Buys Online Games Groups Burda:ic, Covus Games

Casual gaming firms boast 10 million users in Germany.

BERLIN - German-based broadcasting group ProSiebenSat.1 has acquired the online
gaming firms burda:ic and Covus Games for an undisclosed amount. Burda:ic is one of Europe's largest operators of so-called casual games, online games that are free-to-play but charge users for virtual goods. It's alaplaya gaming platform boasts some 7 million users. Covus operates the portal, which has around 1.8 million visitors every month.

ProSieben subsidiary ProSiebenSat.1 Digital has taken full control of burda:ic and secured a 51 percent stake in Covus. ProSiebenSat.1 will acquire the remaining shares in Covus in 2013, the group said.

ProSiebenSat.1 CEO Thomas Eberling said his goal was to become one of the top three players in Europe in the online gaming space, one of the fastest growing parts of the entertainment business. The group, which operates television and radio channels across Germany, Scandinavia and Eastern Europe, already runs online gaming portals and, with games inspired by or tied into programming on its German networks.

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