TruFin has agreed to sell its 84.5% stake in Playstack to Integrated Media Company through VantageCo for about £112.4 million, a deal that values the indie publisher at roughly £125 million. The transaction, announced on May 21, 2026, still needs shareholder approval before it can close.
TruFin’s board is recommending that investors vote in favor of the sale. If they do, control of Playstack will move to a company whose media portfolio includes Fandom, Screen Junkies, Fanatical and GameSpot, giving Integrated Media Company a bigger foothold in games publishing at a time when Playstack has become one of the sector’s better-known indie labels.
Playstack is the publisher behind Balatro, Abiotic Factor and The Rise of the Golden Idol, three releases that have helped give the company a rare run of commercial momentum. Earlier this year, Playstack said its hit ratio was more than 85 percent, its catalog had grossed over $100 million on Steam and it had logged over 20 million downloads in the last fiscal year.
The numbers also show why TruFin is moving to cash out. Playstack generated £55.3 million in gross revenue in 2025, up 24 percent year on year, and that total accounted for 83.9 percent of TruFin’s revenue. The deal would hand TruFin around £112.4 million in net cash proceeds, while the broader purchase price is about $169 million.
Yet the sale is being sold internally as a change in ownership, not a change in direction. Playstack founder and CEO Harvey Elliott said on May 22 that the company is entering its next chapter with a new investment partner, but that its team, strategy and commitment to publishing premium indie games remain exactly the same. “For now, it’s business as usual,” he said, adding that he was grateful to TruFin for seven years of support.
The next step is straightforward but decisive: shareholders must vote. TruFin has lined up the deal, its board is backing it and Playstack says its operations will not shift, but the ownership transfer is not final until investors give the green light.
