FX.co ★ Motorsport Games Considers Strategic Alternatives, Incl. Potential Sale; To Cut Jobs

Motorsport Games Inc. (MSGM) has announced that its board of directors has granted approval for management to explore various strategic options aimed at enhancing shareholder value. These options include the possibility of selling or merging the company.

Furthermore, the management is actively pursuing financial avenues to support promising initiatives, such as launching Le Mans Ultimate on Sony PlayStation and Microsoft Xbox gaming platforms.

The company has also embarked on a restructuring process, part of an ongoing effort to curtail cash expenditures and boost operational efficiency. This restructuring process includes reducing staff numbers as a key measure.

As a result, Motorsport Games Inc. has decided to implement additional strategies to lower its annual operating costs by decreasing its workforce, predominantly impacting its operations in the United States and the United Kingdom.