Play Magnus Group expands its industry-leading position in chess e-learning with the acquisition of US-based chess content company iChess LLC which operates iChess.net.<\/p>____
iChess.net was co-founded in 2011 by FIDE Chess Master Will Stewart with the goal of creating and organizing high quality chess training materials. iChess.net has published thousands of free and paid chess videos and articles in its large and growing content marketplace.<\/p>____
Andreas Thome, CEO of Play Magnus Group, said, \u201cWe are excited to welcome iChess.net into our Group. Over the last nine years, Will has shown an incredible dedication to bringing chess education to enthusiasts across all levels of play.\u201d<\/p>____
With the acquisition of iChess, Play Magnus Group builds upon its industry leading position in e-learning, driven by www.chessable.com. Chessable is an innovator in chess education with its MoveTrainer\u2122 technology and was acquired by Play Magnus Group in August 2019.<\/p>____
Andreas Thome added, \u201cWith iChess.net we are reaching even more chess fans and expanding our audience. Will and his team will become an important part of our Group as we continue to popularize chess and enable more people around the world to learn chess and make a living from the game.\u201d<\/p>____
Will Stewart said, \u201cThe world is in the middle of a chess boom and I am thrilled to join Play Magnus Group as it\u2019s making big moves to promote the game to new heights.<\/p>____
This is a big milestone for iChess and we are proud of what we have achieved. To date, iChess.net has produced more than 400 chess courses with 2,000 hours of premium chess video content by more than 50 professional chess presenters.\u201d<\/p>____
Play Magnus Group is acquiring 100% of the shares in iChess LLC with a combination of cash and shares. iChess expects to generate approximately USD $800K in revenue and to be cash flow positive in 2020.<\/p>","protected":false},"excerpt":{"rendered":"\/wp-json\/wp\/v2\/posts\/
Play Magnus Group expands its industry-leading position in chess e-learning with the acquisition of US-based chess content company iChess LLC which operates iChess.net. iChess.net was co-founded in 2011 by FIDE Chess Master Will Stewart with the goal of creating and organizing high quality chess training materials. iChess.net has published thousands of free and paid chess […]<\/p>","protected":false},"author":4,"featured_media":1626,"comment_status":"\/wp-json\/wp\/v2\/posts\/closed","ping_status":"\/wp-json\/wp\/v2\/posts\/open","sticky":false,"template":null,"format":"\/wp-json\/wp\/v2\/posts\/standard","meta":[],"categories":[16],"tags":[],"acf":[],"yoast_head":"_