Short news

New in Chess taken over by Play Magnus

Interchess BV, the publisher of New in Chess magazine, Yearbooks and twenty other titles that are published in print and digitally every year, is taken over for an indisclosed cash amount by the Play Magnus Group. The acquisition is motivated by access to its quality content, some of which has already been adapted earlier by Chessable, that belongs to Play Magnus, and by adding €2 million turn-over and a positive cash-flow. The deal includes the New in Chess online shop and €400,000 worth of Play Magnus shares held by Interchess. The company and brands will stay operational and independent, and Allard Hoogland remains the publisher. New in Chess was founded in 1984 at the Dutch publishing house Elsevier and went independent a year later under publisher Wim Andriessen who gradually passed on the business to Hoogland in the 2000s.