Gaxos.ai Sells $1.76M Gaming Assets to Game Foundry AI
GXAI•Gaxos.ai completed an all-stock sale of its gaming assets to Game Foundry AI valued at $1.76 million and acquired 250,000 Game Foundry AI shares for $200,000. The move streamlines Gaxos.ai’s operations, refocusing resources on higher-margin, revenue-generating AI business lines.
1. Transaction Details
Gaxos.ai sold its portfolio of mobile games and its generative AI service to Game Foundry AI in an all-stock deal valuing the business at approximately $1.76 million.
2. Strategic Focus
Divesting non-core gaming assets allows Gaxos.ai to concentrate resources on revenue-generating AI applications and higher-margin commercial opportunities across defense, health, and productivity segments.
3. Investment in Buyer
As part of the transaction, Gaxos.ai acquired 250,000 shares of Game Foundry AI for $200,000, gaining a stake in the buyer’s autonomous game development platform.
