- Intema Solutions (ITM) has signed a letter of intent to acquire Team BloodHounds Inc., owner of the Team BH esports team
- The company intends to acquire Team BloodHounds Inc. for up to C$621,000
- As of May 2021, Team BH influencers had a combined 8.8 million followers across YouTube, Instagram and Twitter
- Team BH is the second most-followed Canadian esports brand and is one of the most influential Fortnite teams in North America
- Intema stands at the forefront of esports and iGaming with assets that deliver a fast-paced, diverse array of entertainment options
- Intema Solutions (ITM) is trading flat at $0.53 per share
Intema Solutions (ITM) has signed a letter of intent to acquire Team BloodHounds Inc., owner of the Team BH esports team.
The company intends to acquire founder Matteo Di Penta’s 95 per cent interest in Team BloodHounds Inc. In turn, Di Penta will ensure that remaining TBH shareholders sell their securities to Intema.
Pursuant to the LOI, Intema will acquire Team BloodHounds Inc. for up to C$621,000. This includes $121,000 in cash and $500,000 through the issuance of 1,000,000 Intema common shares.
As of May 2021, Team BH influencers had a combined 8.8 million followers across YouTube, Instagram and Twitter.
Team BH is the second most-followed esports brand based out of Canada and is one of the most influential Fortnite teams in North America.
Laurent Benezra, President and CEO of Intema, commented,
“The acquisition of Team BH brings another major complementary component to our esports ecosystem. Matteo built Team BH in 2018 from scratch and has grown it rapidly to 23 influencers/players and counting.
It has also been successful at promoting its brand through collaborations and sponsorships with leading brands such as Roots, Champion and G Fuel Energy, generating increased revenue over the years. We believe that Team BH will play a large-scale role in Intema’s future success.”
Matteo Di Penta, founder and CEO of Team BloodHounds Inc., added,
“This transaction will create numerous opportunities for Team BH to grow its fan base, promote its brand and contribute to Intema’s accomplishments, as we will now have access to expertise from complementary businesses and activities such as esports tournaments and betting as well as advertising.”
Intema stands at the forefront of esports and iGaming with assets that deliver a fast-paced, diverse array of entertainment options.
Intema Solutions (ITM) is trading flat at $0.53 per share as of 11:56 am ET.
