Gfinity wins racing tournament rights

Deal with Microsoft, but growth and funding questions remain
Thursday 20 Apr 2017 Author: Steven Frazer
AIM-quoted eSports minnow Gfinity ( GFIN:AIM ) will run the Forza Racing Championship Xbox competition for technology giant Microsoft under an exclusive partnership deal. Shares in Gfinity, which promotes ‘live’ computer gaming tournaments around the world, jumped more than 10% on the news to 21.25p. The business is now valued by the market at £33.5m. We believe investors should watch from the side lines given the company’s unproven growth...

Important information:

These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell Youinvest.

Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.

Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.

The Shares team

Advertising feature

The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.