Mall operator Simon to invest $5 mln in Allied Esports

Broad Capital Acquisition

28/06/2019 14:07

June 28 (Reuters) - Simon Property Group Inc  SPG.N , the
largest mall operator in the United States, will invest $5
million in Allied Esports, the companies said in a statement.
    Simon Properties' unit Simon Equity Development LLC will
make the equity investment through Black Ridge Acquisition Corp
 BRAC.O  - a company formed to takeover Allied and its sister
company, World Poker Tour.
    The investment announcement comes days after Mexican
broadcaster TV Azteca agreed to form an alliance with Allied
Esports and Black Ridge Acquisition Corp to create a digital
channel broadcasting electronic sports.  urn:newsml:reuters.com:*:nL2N23R0ZR

 (Reporting by Vibhuti Sharma in Bengaluru and Hilary Russ in
New York; Editing by James Emmanuel)
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