Brief: Aspire Global Sells Its B2C Segment To Esports Technologies

EBET

01/10/2021 13:15

Oct 1 (Reuters) - Aspire Global PLC  ASPIRE.ST :
    * ASPIRE GLOBAL SELLS ITS B2C SEGMENT TO ESPORTS
TECHNOLOGIES
    * HAS SIGNED AN AGREEMENT TO SELL ITS B2C SEGMENT TO
US-BASED
GROUP ESPORTS TECHNOLOGIES, INC.
    * DIVESTMENT IS FOLLOWING ASPIRE GLOBAL'S REVIEW OF B2C
SEGMENT
THAT WAS ANNOUNCED IN MARCH THIS YEAR
    * CONSIDERATION SUMS UP TO ABOUT EUR 65 MILLION
    * TRANSACTION ALSO INCLUDES A FOUR-YEAR PLATFORM AND MANAGED
SERVICES AGREEMENT WITH AN ESTIMATED GROSS VALUE OF EUR 70
MILLION.
    * CLOSING OF ACQUISITION IS SUBJECT TO ESPORTS TECHNOLOGIES
RECEIPT OF FINANCING, AS WELL AS OTHER CLOSING REQUIREMENTS
    * TRANSACTION IS EXPECTED TO CLOSE BY NOVEMBER 30, 2021.

Source text for Eikon:  ID:nWkr5YHY6C 
Further company coverage:  ASPIRE.ST 

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