Enthusiast Gaming set to acquire Icy Veins for €7m

Enthusiast Gaming, the parent company of Luminosity Gaming, is set to acquire news and strategy guide platform Icy Veins for €7m (~£5.99m). The amount is expected to be paid in cash and stock, plus an earnout has been agreed by Enthusiast Gaming and Vedatis SAS, Icy Veins’ owners, should certain milestones be achieved. RELATED: ReKTGlobal acquires TalentX Entertainment and forms ReKTX Enthusiast Gaming has worked with Icy Veins since 2017, through monetising advertising traffic. According to the announcement, the esports organisation generated approximately $2.4m (£1.73m) in advertising revenu…

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HEDGE accordingly