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Be the first with the news that moves the market- Victory Square Technologies’ (VST) portfolio company, V2 Games, has acquired gaming company GameOn through an all-share buyout
- V2 acquired the assets and intellectual property of GameOn through an all-stock transaction
- GameOn currently has a number of valuable agreements in place, including partnerships with Comcast and NBCUniversal
- V2 Games will issue shares to GameOn shareholders at C$0.25 each per V2 Games share
- Victory Square Technologies (VST) is down 12.82 per cent and is currently trading at 68 cents per share
Victory Square Technologies’ (VST) portfolio company, V2 Games, has acquired gaming company GameOn through an all-share buyout.
GameOn provides consumers, broadcasters, sportsbooks, venues, and brand partners with interactive, social experiences of televised and live sports events.
The company has a range of proprietary mobile and TV technologies, which allow fans to compete, watch, and win through prediction games.
The company is also a major player in the sports betting industry, through affiliate partnerships and licenses with key global sports betting operators.
GameOn currently has a number of valuable agreements and relationships in place, including partnerships with Comcast and NBCUniversal. Under the distribution partnership with Comcast, GameOn will deliver its branded sports prediction experience to homes and hospitality venues across the US.
Under a white label partnership with NBCUniversal, GameOn will build its prediction products for programming which includes reality TV and sports.
V2 Games has acquired the assets and intellectual property of GameOn through an all-stock transaction. The portfolio company will issue shares to GameOn shareholders at C$0.25 each per V2 Games share.
Victory Square’s CEO, Shafin Diamond Tejani, commented on the addition of GameOn to the company’s portfolio business.
“This acquisition will enable V2 Games to grow by expanding its offerings, creating strategic relationships and new revenue streams in the marketplace.
“GameOn’s outstanding team, technology, and partners put our new company in an excellent position to capitalise on a booming gaming and sports betting market by offering unmatched products in the comfort of your own home,” he said.
Victory Square Technologies (VST) is down 12.82 per cent and is trading at 68 cents per share at 11:36am EDT.
