GMX looking to acquire Euro publisher

UK-based GMX Media--whose games include Enigma: Rising Tide, Runaway, Global Power, and Napoleon--has announced that it is currently on the lookout for a European publisher it can acquire. GMX Media, which has stated that its ambition is to become the largest independent publisher in Europe, has also confirmed that it is already in takeover talks with two European publishers.

"Up till now we have grown steadily and cautiously and have absolutely no plans to deviate from that," said Barry Leonard, COO of GMX Media. "However we are in a situation where we can easily make one major acquisition without disturbing our growth plans. We are looking to grab more market share and ultimately become the largest independent publisher in Europe. We want to acquire a company that already has a sizeable back catalog and titles yet to be released. Our company is well known for getting the best deal for developers, and our research has shown that developers are unhappy with the very limited options they have when looking for a publisher. The opportunities are incredible, not just for us but also for the developing community."

We'll bring you more details as they become available.