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Skillful Craftsman to Acquire 70% Controlling Stake in Game Publisher URAY

BullishMedium impact
EDTK$0.9576 2.42%

Skillful Craftsman Education Technology Limited (EDTK) has signed a definitive share purchase agreement to acquire a 70% controlling interest in URAY PTE. LTD., a Singapore-based casual game developer and publisher. Upon completion of the transaction, URAY will become a consolidated subsidiary of Skillful Craftsman, while URAY's existing management team will continue running its day-to-day game operations.

The acquisition marks a strategic expansion for Skillful Craftsman beyond educational technology and digital skills training into interactive digital content and international game publishing. URAY brings more than ten years of experience in mobile casual games, advertising monetization, and global user acquisition, having released over 1,000 titles with more than one billion cumulative players. By combining capabilities, Skillful Craftsman aims to apply its artificial intelligence framework alongside URAY's SMILE AI toolset to streamline game development, automated testing, and distribution workflows.

Investors should monitor the transaction's expected closing in the fourth quarter of 2026, which remains subject to customary closing conditions. Moving forward, the companies intend to report further details on product development and commercialization progress as they integrate AI technology across game design, user acquisition, and interactive learning experiences.

Key points

  • Skillful Craftsman Education Technology Limited (EDTK) signed an agreement to acquire a 70% controlling interest in Singapore-based URAY PTE. LTD.
  • URAY will operate as a consolidated subsidiary while retaining its existing team to run daily game operations.
  • URAY brings over a decade of mobile gaming experience, with more than 1,000 released titles and over one billion cumulative players.
  • The deal expands Skillful Craftsman's artificial intelligence focus into interactive content, ad monetization, and game publishing.
  • The transaction is scheduled to close in the fourth quarter of 2026, subject to customary closing conditions.

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Questions and answers

What percentage of URAY is Skillful Craftsman acquiring?

Skillful Craftsman Education Technology Limited agreed to acquire a 70% controlling interest in URAY PTE. LTD., making URAY a consolidated subsidiary upon closing.

When is the acquisition of URAY expected to close?

The transaction is expected to close in the fourth quarter of 2026, subject to standard closing conditions.

What does URAY do?

URAY PTE. LTD. is a Singapore-based casual game developer and publisher that has released over 1,000 mobile games reaching more than one billion players globally, while developing AI creation tools like SMILE AI.