Brief: Allied Esports Entertainment Reports Sale of World Poker Tour to Element Partners

All in Futuretech Alliance

19/01/2021 14:45

Jan 19 (Reuters) - Allied Esports Entertainment Inc
 AESE.O :
    * PRESS RELEASE - ALLIED ESPORTS ENTERTAINMENT ANNOUNCES THE
SALE
OF WORLD POKER TOUR® TO ELEMENT PARTNERS, LLC
    * ALLIED ESPORTS ENTERTAINMENT INC - UNDER TERMS OF
AGREEMENT,
ELEMENT WILL ACQUIRE WORLD POKER TOUR FOR A TOTAL OF $78.25
MILLION
    * ALLIED ESPORTS ENTERTAINMENT INC - CONSIDERATION INCLUDES
$68.3
MILLION IN CASH PLUS AN ADDITIONAL $10 MILLION REVENUE SHARE
EARN-OUT

Source text for Eikon:  ID:nBw9R6SGxa 
Further company coverage:  AESE.O 

 ((Reuters.Briefs@thomsonreuters.com;))