1. Step-by-step acquisition

3 min. readlast update: 08.02.2024

Acquiring a game on Gamehaap is designed to be a streamlined and secure process. 

Follow these steps to acquire a game:

 

Step 1: Sign up and create a profile

  • Visit the Gamehaap website: Go to www.gamehaap.com.
  • Sign up: Click on the "Sign Up" button and complete the registration process using your personal or business email.
  • Create your profile: After signing up, log in to your account and complete your profile by providing the necessary personal or business details.

 

Step 2: Explore the marketplace

  • Access the marketplace: Navigate to the "Marketplace" section to browse available game listings.
  • Review listings: Examine the basic information provided for each game, such as the platform it was launched on, genre, and performance metrics.

 

Step 3: Express interest and verification

  • Express interest: If you find a game you’re interested in, express your interest by contacting Gamehaap support on the related game listing page. At this stage, you will also need to complete the buyer verification if you haven’t yet.
  • Buyer verification: Complete the buyer verification process by submitting identification documents to confirm your identity and/or business.

 

Step 4: Sign an NDA (Non-Disclosure Agreement)

  • Purpose: An NDA ensures that any detailed information shared about the game remains confidential.
  • Facilitation: Gamehaap will facilitate the signing of an NDA between you and the seller.
  • Approval: Once the seller approves the NDA, you will gain access to detailed information about the game.

 

Step 5: Review detailed information

  • Access details: Review the detailed game data provided after the NDA is in place.
  • Evaluate: Assess the game’s financial performance, technical specifications, and market potential.

 

Step 6: Submit a letter of intent (LOI)

  • Purpose: An LOI outlines your intention to purchase the game and the preliminary terms.
  • Submission: Submit the LOI through Gamehaap for the seller’s review.

 

Step 7: Due diligence

  • Conduct due diligence: Feel free to initiate the due diligence process with your own legal and financial team on your own terms. Gamehaap will provide assistance and support throughout the process to ensure a thorough evaluation and address any questions that arise.
  • Facilitation: Gamehaap will assist by providing access to necessary documents and supporting your team during the evaluation.

 

Step 8: Negotiate terms

  • Final agreement: Negotiate the final terms of the purchase with the seller, facilitated by Gamehaap’s expert assistance.
  • Draft sales agreement: Draft and review the sales agreement to finalize all terms and conditions.

 

Step 9: Escrow and payment

  • Escrow setup: Gamehaap partners with Escrow.com, a globally trusted escrow service, to handle the transaction securely. Alternatively, buyers and sellers can agree to use their own escrow services.
  • Fund transfer: Deposit the agreed purchase amount into the escrow account.
  • Asset transfer: Once the funds are secured, the seller transfers the game assets to you.
  • Fund release: After inspecting and confirming the assets, release the funds from escrow to the seller.

 

Step 10: Post-acquisition transition

  • Transition services: The seller may provide transition services to help integrate and manage the new game assets.
  • Follow-up: Ensure all agreed post-acquisition services and conditions are met to complete the acquisition process.
  • Gamehaap assistance: Gamehaap’s team will continue to assist both buyers and sellers post-acquisition, ensuring ongoing support and making the acquisition process easy for our business partners.

 

By following these steps, you can effectively acquire a game on Gamehaap, ensuring a smooth and secure transaction. Detailed explanations of each step will be provided in the subsequent parts of this section.

 

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