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
- Industry
- Media & Entertainment
- Location
- Nevada, United States
- Transaction Type
- Buyout
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