It has been reported today that Pepper Esports could be set to be sold to TGS Esports in a deal that would see the latter acquire the entire stake in Pepper Esports as part of its next step growth strategy and to become stronger in the world of esports.
As esports continue to rise, aided in part by the recent global health crisis that locked down the world, a letter of intent has been submitted by TGS Esports to acquire Pepper Esports.
Reportedly, ‘under the terms of the LOI, TGS is expected to acquire all of the outstanding securities of Pepper by way of a three-cornered amalgamation’, which will also see executives at the latter firm; Guy Halford-Thompson, Jackson Warren and Ben Hoffman, join TGS executive team on the closing of the acquisition.
Pepper Esports is an innovative esports platform that provides an avenue of managing esports communities and run events around the world.
Guy Halford-Thompson of Pepper Esports spoke out about the deal:
“This acquisition will fast track our ability to scale the Pepper platform by leveraging the existing customers and expertise of the TGS team, and we hope to bring accelerated revenue growth to TGS once the Pepper platform is fully launched. Becoming part of TGS is a big milestone for the company.”
Recently, the rise of esports has brought the industry to the forefront of betting and gaming as fans from around the world wager real money on the outcome of events and games.
Pepper Esports has a number of key features, including automatic game scoring, league operator tools, tournaments and esports management on a per venue basis.
Spiro Khouri of TGS Esports concluded with comments on the acquisition intent:
“Rather than sending our players to third party platforms for online events, and missing out on key revenue, we will now be able to keep players within our ecosystem while also generating revenue directly from the Pepper platform. This acquisition brings an important technology platform to TGS, making our business model scalable, global, and with defensible IP.”
Pepper is an esports platform for everyday gamers. The Pepper brand represents the chance for every gamer to play competitively and win meaningful prizes playing the games they love.