Brief: Esports Entertainment Group Finalizes Binding Agreement To Acquire Helix Esports And ggCircuit

Esports Entertainment

25/01/2021 13:40

Jan 25 (Reuters) - Esports Entertainment Group Inc  GMBL.O :
    * ESPORTS ENTERTAINMENT GROUP FINALIZES BINDING AGREEMENT TO
ACQUIRE HELIX ESPORTS AND GGCIRCUIT
    * ESPORTS ENTERTAINMENT GROUP - ANNOUNCED IT HAS FINALIZED
BINDING
AGREEMENT FOR ITS PREVIOUSLY ANNOUNCED HELIX ESPORTS AND
GGCIRCUIT ACQUISITION
    * ESPORTS ENTERTAINMENT - UNDER TERMS OF AGREEMENT, $43 MIL
TRANSACTION WILL BE SPLIT 50% CASH AND 50% GMBL SHARES, PRICED
UPON CLOSING OF TRANSACTION
    * TRANSACTION IS EXPECTED TO CLOSE IN 2Q21

Source text for Eikon:  ID:nGNX2HSJWL 
Further company coverage:  GMBL.O 

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