💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadExplore for free

BRIEF-Enthusiast Gaming Says To Acquire “The Sims Resource”, For $20 Million

Published 2019-01-07, 12:03 p/m
© Reuters.  BRIEF-Enthusiast Gaming Says To Acquire “The Sims Resource”, For $20 Million

Jan 7 (Reuters) - Enthusiast Gaming Holdings Inc EGLX.V :

* ENTHUSIAST GAMING TO ACQUIRE “THE SIMS RESOURCE”, THE WORLD'S LARGEST FEMALE VIDEO GAMING WEBSITE

* ENTHUSIAST GAMING HOLDINGS INC - DEAL FOR AGGREGATE PURCHASE PRICE OF US$20 MILLION

* ENTHUSIAST GAMING HOLDINGS - 30 PERCENT OF PURCHASE PRICE IS PAYABLE ON CLOSING AND BALANCE PAYABLE BY FIRST ANNIVERSARY DATE OF CLOSING

* ENTHUSIAST GAMING HOLDINGS INC - TO ACQUIRE 100% OF ASSETS OF SIMS RESOURCE FROM GENERATORHALLEN AB AND IBIBI HB

* ENTHUSIAST GAMING- VENDORS WILL MANAGE, OPERATE, ADMINISTER ACQUIRED ASSETS, IN PARTICULAR RELATIONSHIPS WITH TSR COMMUNITY FOR UP TO ONE YEAR

* ENTHUSIAST GAMING HOLDINGS INC - ANTICIPATES THAT IT WILL NEED TO SECURE FINANCING IN ORDER TO MEET DEFERRED PAYMENT

* ENTHUSIAST GAMING HOLDINGS INC - FOR TSR DEAL, UNTIL DEFERRED PAYMENT IS MADE, CO AGREED ON A PROFIT-SHARING SPLIT OF 70% IN FAVOUR OF VENDORS

* ENTHUSIAST GAMING -FOR TSR DEAL, WILL NOT ASSUME LIABILITIES OF VENDORS OUTSIDE THOSE ASSUMED IN RELATION TO EMPLOYMENT, SOME CONTRACTUAL OBLIGATIONS

* ENTHUSIAST GAMING HOLDINGS INC - DEAL FOR US$18 MILLION IN CASH AND US$2 MILLION IN STOCK

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.