ESE Announces Acquisition of Esports Company, Digital Motorsports
Under the terms of the Agreement, ESE will acquire 100% of the issued and outstanding shares of Digital Motorsports (the Transaction).
- Under the terms of the Agreement, ESE will acquire 100% of the issued and outstanding shares of Digital Motorsports (the Transaction).
- The co-owners of Digital Motorsports have agreed to continue to run the operations of Digital Motorsports after Closing, to ensure continuous business operations and a smooth transfer of Digital Motorsports business to the Company, and will enter into employment agreements with Digital Motorsports.
- Included in the Transaction is Digital Motorsports portfolio of intellectual property related to racing simulator solutions, components, and cloud-based racing services.
- Digital Motorsports are a customer-centric business offering a mix of professional products, turnkey solutions, and a world class esports racing league.