Tuesday, 8 May 2018

Founder of Worms maker Team17 in line for £50m windfall.

Debbie Bestwick will sell up to half her shares when Yorkshire-based video games firm floats.

The founder of the Yorkshire-based video games company behind hits such as Worms is set for a £50m windfall from a stockmarket listing valuing the business at up to £230m.

Debbie Bestwick, 48, founded Team17 in 1990 and her stake will be worth approximately £100m when the company floats on Aim this month. Bestwick, who received an MBE in 2016 for services to the video games industry, intends to sell up to 50% of her shareholding in the flotation.

HQ Trivia: the gameshow app that's an online smash
 Read more

Bestwick has positioned the Wakefield-based business as a champion of independent games developers. In the “about us” section of Team17’s website it describes itself as “a games label created by independent developers for independent developers”. One of its games, The Escapists, has been developed by an ex-roofer from Derby.

By Mark Sweeney.
Full story at The Guardian.

No comments:

Post a Comment