Aspire Global has finalized the Divestment of the B2C segment
Aspire Global has finalized the divestment of its B2C segment to the US-based Group Esports Technologies, Inc. (Nasdaq: EBET).The divestment was announced on 1 October 2021 and the transaction has been closed according to the initial conditions. The consideration consists of €50 million in cash, €10 million in a promissory note and €5 million in common stock in the listed entity of Esports Technologies. The platform and managed services agreement consists of royalties related to the use of Aspire Global’s platform and related services during the coming four years.