TGS Esports Acquires Pepper Esports
September 1, 2020
TGS Esports Inc. entered into a letter of intent to acquire Pepper Esports Inc., a competitive esports platform, in a share-for-share transaction that would issue approximately C$6.07 million in TGS shares as consideration. The acquisition is intended to bring Pepper's tournament-management technology (including a patent-pending AI engine) and recurring revenue streams into TGS's ecosystem to expand capabilities, monetization and global reach.
- Buyers
- TGS Esports Inc.
- Targets
- Pepper Esports Inc.
- Industry
- Media & Entertainment
- Location
- United Kingdom
- Transaction Type
- Buyout
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