X1 Esports Acquires ShiftRLE Assets

July 25, 2022

X1 Esports and Entertainment (CSE:XONE) has entered into an asset purchase agreement to acquire ShiftRLE, a Las Vegas–based online news outlet focused on the Rocket League esports community. The deal pays US$50,000 in cash, 333,333 common shares of X1 and a revenue-based earnout, and is intended to expand X1's video game media portfolio and reach into Gen Z audiences.

Buyers
X1 Esports and Entertainment
Targets
ShiftRLE
Location
Nevada, United States
Transaction Type
Buyout

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