Allied Esports Entertainment
confirmed the long-term finalization of the sale of the entities included in the company World Poker Tour
, to Element Partners.
As previously announced, the purchase price for the transaction was $ 105 million and included 90 percent of the outstanding equity capital of each of the legal entities that jointly operated or engaged in the company's poker-related activities and assets.
The deal was approved at a special Allied Esports Entertainment shareholders' meeting on July 1, 2021.
Following the conclusion of the WPT business deal, the company takes over its esports business, Allied Esports and sales cash.
"This is a momentous day for AESE and an opportunity to focus on growing the company in an exciting and innovative way," he said Frank Ng, CEO of CEO Allied Esports Entertainment.