- October 1, 2021
- Posted by: Stratford Team
- Category: Business
By Michael Dabaie
Esports Technologies Inc. said it would acquire Aspire Global’s business-to-consumer business in a $75.9 million transaction.
Esports Technologies, a provider of esports-wagering products and technology, said the deal would include $58.3 million in cash, $11.7 million in a promissory note and about $5.9 million worth of common stock. Esports said it expects the deal to close by Nov. 30.
Esports shares rose 14% premarket, to $38.38.
Esports Technologies would acquire Aspire’s portfolio of business-to-consumer proprietary online-casino and sportsbook brands, including Karamba, Hopa, Griffon Casino, BetTarget, Dansk777, and GenerationVIP.
Esports Technologies said it plans intends to use the acquisitions to cross-sell esports wagering opportunities to increase its esports revenue, player bet transactions, and customers.
In the most recent 12-month period ending June 2021, Aspire Global’s business-to-consumer…