24/7 Market News: Siyata Mobile and Core Gaming Release Comprehensive Overview of Core Gaming's Business Ahead of $160M Merger
Siyata Mobile (NASDAQ: SYTA) and Core Gaming have detailed their upcoming $160 million merger, expected to close this quarter pending regulatory approval. Core Gaming, founded in 2024, is a mobile gaming developer reaching over 43 million monthly active users across 140 countries, with 790 million app downloads and 2,100+ games in its portfolio.
Core Gaming's financial performance shows strong growth with 2023 revenue of $57.0 million, up 46.4% from $38.9 million in 2022, and estimated unaudited revenue of $80 million in 2024. The merger structure will result in Core Gaming shareholders owning ~90% of the combined entity, while legacy Siyata shareholders will retain at least 10% through a potential special stock dividend.
The company leverages AI-driven technologies for game production and marketing, including GPT-4 and diffusion-based models. Core Gaming operates in the mobile gaming market, projected to reach $157 billion by 2029 with a 5.6% CAGR.
Siyata Mobile (NASDAQ: SYTA) e Core Gaming hanno annunciato i dettagli della loro prossima fusione da 160 milioni di dollari, prevista per questo trimestre, soggetta all'approvazione normativa. Core Gaming, fondata nel 2024, è uno sviluppatore di giochi mobili che raggiunge oltre 43 milioni di utenti attivi mensili in 140 paesi, con 790 milioni di download delle app e un portfolio di oltre 2.100 giochi.
Le performance finanziarie di Core Gaming mostrano una forte crescita con un fatturato 2023 di 57,0 milioni di dollari, in aumento del 46,4% rispetto ai 38,9 milioni del 2022, e un fatturato non revisionato stimato di 80 milioni di dollari per il 2024. La struttura della fusione prevede che gli azionisti di Core Gaming possiedano circa il 90% della nuova entità combinata, mentre gli azionisti storici di Siyata manterranno almeno il 10% tramite un possibile dividendo speciale in azioni.
L’azienda utilizza tecnologie basate sull’intelligenza artificiale per la produzione e il marketing dei giochi, inclusi GPT-4 e modelli basati sulla diffusione. Core Gaming opera nel mercato dei giochi mobili, che si prevede raggiungerà un valore di 157 miliardi di dollari entro il 2029 con un tasso di crescita annuo composto (CAGR) del 5,6%.
Siyata Mobile (NASDAQ: SYTA) y Core Gaming han detallado su próxima fusión de 160 millones de dólares, que se espera cierre este trimestre pendiente de la aprobación regulatoria. Core Gaming, fundada en 2024, es un desarrollador de juegos móviles que alcanza más de 43 millones de usuarios activos mensuales en 140 países, con 790 millones de descargas de aplicaciones y un portafolio de más de 2,100 juegos.
El desempeño financiero de Core Gaming muestra un fuerte crecimiento con ingresos de 57.0 millones de dólares en 2023, un aumento del 46.4% desde los 38.9 millones en 2022, y un ingreso estimado no auditado de 80 millones de dólares en 2024. La estructura de la fusión hará que los accionistas de Core Gaming posean aproximadamente el 90% de la entidad combinada, mientras que los accionistas históricos de Siyata conservarán al menos el 10% mediante un posible dividendo especial en acciones.
La compañía utiliza tecnologías impulsadas por inteligencia artificial para la producción y el marketing de juegos, incluyendo GPT-4 y modelos basados en difusión. Core Gaming opera en el mercado de juegos móviles, que se proyecta alcanzará los 157 mil millones de dólares para 2029 con un CAGR del 5.6%.
Siyata Mobile (NASDAQ: SYTA)와 Core Gaming은 규제 승인 대기 중인 이번 분기 마감 예정인 1억 6천만 달러 규모의 합병 계획을 발표했습니다. 2024년에 설립된 Core Gaming은 140개국에서 월간 활성 사용자 4,300만 명 이상을 보유한 모바일 게임 개발사로, 7억 9천만 건의 앱 다운로드와 2,100개 이상의 게임을 보유하고 있습니다.
Core Gaming의 재무 성과는 2023년 매출 5,700만 달러로 2022년 3,890만 달러 대비 46.4% 성장했으며, 2024년에는 감사받지 않은 추정 매출 8,000만 달러를 기록할 예정입니다. 합병 구조에 따라 Core Gaming 주주들은 합병된 회사의 약 90%를 소유하게 되며, 기존 Siyata 주주들은 잠재적 특별 주식 배당을 통해 최소 10%를 보유하게 됩니다.
회사는 GPT-4 및 확산 기반 모델을 포함한 AI 기반 기술을 게임 제작과 마케팅에 활용하고 있습니다. Core Gaming은 2029년까지 1,570억 달러에 이를 것으로 예상되는 모바일 게임 시장에서 활동하고 있으며, 연평균 성장률(CAGR)은 5.6%입니다.
Siyata Mobile (NASDAQ : SYTA) et Core Gaming ont détaillé leur prochaine fusion de 160 millions de dollars, dont la clôture est prévue ce trimestre sous réserve d’approbation réglementaire. Core Gaming, fondée en 2024, est un développeur de jeux mobiles qui compte plus de 43 millions d’utilisateurs actifs mensuels dans 140 pays, avec 790 millions de téléchargements d’applications et un portefeuille de plus de 2 100 jeux.
Les performances financières de Core Gaming affichent une forte croissance avec un chiffre d’affaires de 57,0 millions de dollars en 2023, en hausse de 46,4 % par rapport à 38,9 millions en 2022, et un chiffre d’affaires non audité estimé à 80 millions de dollars en 2024. La structure de la fusion fera en sorte que les actionnaires de Core Gaming détiendront environ 90 % de l’entité combinée, tandis que les actionnaires historiques de Siyata conserveront au moins 10 % via un éventuel dividende spécial en actions.
La société utilise des technologies basées sur l’intelligence artificielle pour la production et le marketing des jeux, incluant GPT-4 et des modèles basés sur la diffusion. Core Gaming évolue sur le marché des jeux mobiles, dont la valeur devrait atteindre 157 milliards de dollars d’ici 2029, avec un taux de croissance annuel composé (CAGR) de 5,6 %.
Siyata Mobile (NASDAQ: SYTA) und Core Gaming haben ihre bevorstehende 160-Millionen-Dollar-Fusion bekanntgegeben, die voraussichtlich in diesem Quartal nach behördlicher Genehmigung abgeschlossen wird. Core Gaming, gegründet im Jahr 2024, ist ein Entwickler von mobilen Spielen mit über 43 Millionen monatlich aktiven Nutzern in 140 Ländern, 790 Millionen App-Downloads und einem Portfolio von über 2.100 Spielen.
Die finanzielle Entwicklung von Core Gaming zeigt starkes Wachstum mit einem Umsatz von 57,0 Millionen Dollar im Jahr 2023, was einem Anstieg von 46,4 % gegenüber 38,9 Millionen Dollar im Jahr 2022 entspricht, und einem geschätzten unauditierten Umsatz von 80 Millionen Dollar im Jahr 2024. Die Fusionsstruktur sieht vor, dass die Core Gaming-Aktionäre etwa 90 % des fusionierten Unternehmens besitzen, während die bisherigen Siyata-Aktionäre mindestens 10 % durch eine mögliche Sonderaktien-Dividende behalten.
Das Unternehmen nutzt KI-gestützte Technologien für die Spieleentwicklung und das Marketing, darunter GPT-4 und diffusionsbasierte Modelle. Core Gaming ist im mobilen Spielemarkt tätig, der bis 2029 voraussichtlich 157 Milliarden Dollar erreichen wird, mit einer jährlichen Wachstumsrate (CAGR) von 5,6 %.
- Strong revenue growth: 46.4% increase to $57M in 2023
- Estimated revenue growth continues with $80M projected for 2024
- Large user base with 43M monthly active users across 140 countries
- Extensive game portfolio with 2,100+ titles and 790M app downloads
- Operating in growing market projected to reach $157B by 2029
- Significant dilution for current SYTA shareholders, reducing ownership to 10%
- Merger completion subject to regulatory approval risks
- Core Gaming is relatively new company (founded 2024) with operating history
Insights
Siyata's $160M merger with Core Gaming transforms a $4M micro-cap into a substantial mobile gaming player, with significant ownership dilution for current shareholders.
This
Core Gaming brings impressive financial metrics to the table:
$57 million revenue in 2023 (representing46.4% year-over-year growth)- Estimated
$80 million in unaudited revenue for 2024
The merger structure establishes a 90/10 ownership split, with Core Gaming shareholders controlling approximately
The transaction values Core Gaming at approximately 2× its estimated 2024 revenue. Of particular interest is the potential special stock dividend planned within six months post-closing, which could provide additional value for existing Siyata shareholders.
The transaction is expected to close this quarter, pending regulatory approval, and will position the combined entity within the
Core Gaming brings substantial user base and AI-driven development capabilities to Siyata, positioning the merged entity in the rapidly growing mobile gaming market.
Core Gaming has established significant market presence in the competitive mobile gaming landscape with impressive operational metrics:
- 43 million monthly active users across 140 countries
- Portfolio of 2,100+ games
- 790 million app downloads since founding in 2024
Following its acquisition of Newbyera Technology in June 2024, Core Gaming has rapidly scaled its operations. The company employs a free-to-play, ad-supported revenue model, generating income primarily through in-game advertising via platforms like Applovin and Google.
Core Gaming's technological edge stems from its proprietary AI-driven development tools, including:
- Transformer-based language models (e.g., GPT-4)
- Voice cloning technology
- Diffusion-based image/video models
- A proprietary Business Intelligence platform
These technologies streamline game production and optimize marketing campaigns by targeting high-engagement users. The company's recent partnership with Fire Rhino Studios (announced March 25, 2025) further expands its game portfolio.
Core Gaming's R&D focuses on multilingual content and immersive gameplay, aligning with current industry trends. The company's AI-driven marketing approach has reportedly reduced ad promotion costs while enabling scaling of co-developed games. This merger positions the combined Siyata-Core entity to leverage these capabilities within the rapidly expanding global mobile gaming market.
Denver, Colorado--(Newsfile Corp. - April 25, 2025) - 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and information, reviews the Siyata Mobile (NASDAQ: SYTA) (Siyata) and Core Gaming comprehensive overview of Core Gaming's business, ahead of their
Important! Please click here for Additional Price and Performance Details, or insights from the ValueScope Report.
The detailed overview of Core Gaming's business, financial performance, and strategic vision, providing critical insights into the mobile gaming powerhouse set to merge with Siyata, in a transaction expected to close this quarter, pending regulatory approval.
Core Gaming Logo
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This release, drawn from Core Gaming's financial statements and operational data, underscores the transformative potential of the merger, which positions the combined entity firmly in the
Core Gaming: A Leader in Mobile Gaming
Core Gaming is a mobile gaming developer and publisher that's reaching over 43 million monthly active users (MAUs) across 140 countries. Founded in 2024, Core Gaming acquired Newbyera Technology Limited in June 2024, fueling its rapid growth with over 790 million app downloads and a portfolio of 2,100+ games. Powered by proprietary AI-driven tools, including its BI platform. Core Gaming develops, co-develops, and publishes casual mobile games, generating revenue through in-game advertising via platforms like Applovin and Google.
Financial Performance Highlights
Core Gaming's financials, detailed in Newbyera's audited statements for 2023 and 2022, showcase robust growth, including 2023 Revenue of
Merger Details and Strategic Synergies
Announced on February 26, 2025, the merger will see Core Gaming merge into Siyata Core Acquisition U.S., Inc., a wholly-owned Siyata subsidiary, with Core Gaming surviving as a Siyata subsidiary. Siyata will issue shares to Core Gaming shareholders based on a
Siyata Logo
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Competitive Edge and Innovation
Core Gaming's AI-driven technologies, including Transformer-based language models (e.g., GPT-4), voice cloning, and diffusion-based image/video models, streamline game production and marketing. Its BI platform optimizes ad campaigns, targeting high-engagement users, with partnerships like Fire Rhino Studios (announced March 25, 2025) expanding its portfolio. The company's team drives innovation, with R&D focused on multilingual content and immersive gameplay.
Market Opportunity and Outlook
Core Gaming's ad-driven, free-to-play model capitalizes on global growth trends. The company's BI platform, leveraging AI for marketing optimization, reduced ad promotion costs while scaling co-developed games, positioning Core Gaming for sustained growth. Per Statista, the mobile gaming market is projected to reach
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About Siyata Mobile
Siyata Mobile Inc. is a leading global developer and provider of cellular communications solutions for enterprise customers, including first responders, transportation, logistics, and more. Their mission is to enable effective communication in critical moments through innovative technology.
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Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Actual results could differ materially from those described in these forward-looking statements due to a number of factors, including without limitation, the Company's ability to continue as a going concern, the popularity and/or competitive success of the Company's acquired football and other sports teams, the Company's ability to attract players and staff for acquired clubs, unsuccessful acquisitions or other strategic transactions, the possibility of a decline in the popularity of football or other sports, the Company's ability to expand its fanbase, sponsors and commercial partners, general economic conditions, and other risk factors detailed in the Company's filings with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update such forward-looking statements except in accordance with applicable law.
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FAQ
What is the value of the merger between Siyata Mobile (SYTA) and Core Gaming?
How will the ownership structure change after SYTA's merger with Core Gaming?
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