$BLO with new all-time high 🚀

Bloober Team acquires 53.27% of the shares in Played With Fire sp. a Polish VR studio. With this, Bloober wants to participate in the growing VR market and implement their new more aggressive strategy.

I'm excited to see how Bloober will design their next games. They have taken on board the criticism of monotonous games aimed at a very small niche segment. They want to bring more action and variety to the games, significantly increasing the market potential.

The pipeline has continued to expand with several games thereby also partnering Take Two and Konami. I think that Tencent with a 20% stake in the company allows a variety of contacts . There are also series planned for the games to draw more attention to the IPs. I think if the series are implemented well, then this could be surprisingly successful, because the stories of the games are often very fascinating and unique.

In addition, Bloober will soon be listed on the Warsaw Stock Exchange and thus a revaluation will take place.

I am almost 80% up with my position and I will continue to hold as I believe the company has enormous potential to grow. However, one should not underestimate the risk in case stocks go bad as one has seen with $CDR (-1,64 %) has seen.

Source: https://ir.blooberteam.com/2023/08/09/bloober-team-zostal-glownym-udzialowcem-w-polskim-studiu-vr/