It seems that Razer wants to buy the remaining 65% of the shares of MOL Global, a Malaysian company that is characterized by being focused on electronic payments.
One of the most important peripheral companies, such as Razer, put in its account report that it had a small stake in MOL Global. Razer would now intend to buy the remaining shares and make this company a subsidiary of its own. No one had ever heard of this company before, sure, but that's because MOL Global is a small Malaysian company that is dedicated to electronic payments. Indeed, Razer takes over another company that has nothing to do with video games, we suppose, with the intention of expanding its offer.
We must emphasize that the peripheral company, in an attempt to not know very well what, I create a kind of digital cute, which has nothing to do with cryptocurrencies and that I call zGold and zSilver. Basically to obtain these rewards we must play a brutal amount of hours, in order to obtain a discount on the company's products and at the end of the day, this practice does not compensate or interest.
Razer thrives on the brutal margins offered by its peripherals, since in most cases these are inflated in value and solutions of the same or similar quality can be found on the market for a much lower price.
Going back to MOL Global, it is the company that Razer partnered with for the zGold digital currency system. Razer, according to the data, in the first quarter of this year had 35% of this company and now buys the remaining 65% for an amount of about 61 million dollars. The agreement also contemplates that MOL Global shareholders must approve the absorption, while Razer already has a total green light. MOL Global in 2017, it is estimated that it moved about 1.100 billion dollars through electronic payments.
Source: wccftech
