Wolves of Wall Street can sharpen M&A teeth on new game app

LONDON Thu Jan 16, 2014 11:31pm IST

Related Topics

LONDON (Reuters) - A new app that its creators say allows players to simulate a major merger or acquisition deal, complete with all the drama and backstabbing but with none of the actual financial downside, became available on Thursday for iPhones and iPads.

"M&A Game" is said by its developer, the international data firm ansarada, to be the world's first mergers-and-acquisitions (M&A) game app. It aims to create all the thrills and cutthroat competition of a real takeover bid.

"M&A is usually a long and intensive process involving months of detailed work by everyone working on deals," Sam Riley, CEO of ansarada, said in a news release.

"We decided to design and build a game to provide some escapist fun for the whole M&A community, anywhere in the world."

Players can buy, sell and merge corporations across nine major industrial sectors with a team of investment bankers, accountants and lawyers. Deal-making tactics range all the way from flattery to haggling and bullying.

"We created it to be a fun escape, but also very competitive because people involved in M&A are pretty competitive by their nature," a spokesperson for ansarada said.

Players are asked to select from a range of qualities and attributes they think make a good M&A deal maker, including drive, charisma, strength, and even deception. The catch? You can't have all the qualities, so a savvy CEO will know which to prioritise.

Does the app herald a rebound for the largely dormant M&A sector?

European M&A was down nearly a quarter on last year to $511 billion but, with firms sitting on piles of excess cash, investors are now pushing them to snap up rivals.

"The corporate cut and thrust is certainly very much front and centre in the business world now," the spokesperson said. "It's very much back on the agenda."

(Reporting By Julia Fioretti; Editing by Michael Roddy and Alister Doyle)

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

TECH WRAP

Reuters Showcase

Obama's Message

Obama's Message

In parting shot, Obama prods India on religious freedom.  Full Article 

Armyman Killed

Armyman Killed

Indian army colonel killed in Kashmir fighting.  Full Article 

Uber in Delhi

Uber in Delhi

Uber scraps commissions for its New Delhi taxis.  Full Article 

Company Earnings

Company Earnings

Maruti promises clarity on cash plans.  Full Article 

Japan Hostages

Japan Hostages

Japan vows to work with Jordan to secure hostage release.  Full Article 

RK Laxman Dead

RK Laxman Dead

'Common Man' cartoonist RK Laxman dead at 93  Full Article 

India’s Male Tenor

India’s Male Tenor

India’s lone male tenor wants to ‘Indianise’ opera  Full Article 

Facebook Outage

Facebook Outage

Hacker group claims it is behind outages at Facebook, other sites  Full Article 

U.S. Blizzard

U.S. Blizzard

`Life-threatening' blizzard shuts down much of U.S. Northeast  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage