- Intema (ITM) has signed a binding letter of intent to acquire Livestream Gaming Ltd
- Livestream Gaming owns LOOT.BET esports bookmaker platform, a world leader in esports betting
- LOOT.BET is one of the global leaders in esports betting,
- Intema will acquire all of the issued and outstanding securities of in the capital of Livestream
- Intema is unchanged on the day, with shares of the company trading at C$0.53 at 3:59 pm ET
Intema (ITM) has signed a binding letter of intent to acquire Livestream Gaming Ltd.
Livestream Gaming owns LOOT.BET esports bookmaker platform, a world leader in esports betting.
LOOT.BET’s betting handle was C$92.2 million for the year ended December 31, 2020.
Intema will acquire all of the issued and outstanding securities of in the capital of Livestream.
Livestream is a private Cyprus-based corporation which owns LOOT.BET, a Curaçao licensed server-based real-money gaming platform and a top brand in the world of esports betting.
LOOT.BET is one of the global leaders in esports betting, with a focus on live betting and online gaming and building an exceptional product for its 450,000 registered users.
“This is a pivotal transaction for Intema that will make us a leader in esports betting. LOOT.BET will be a significant part of our ecosystem, which now consists of not only esports betting, but also peer-to-peer gaming, esports tournaments and advertising through HypeX.gg, Advertiise and TheSMACK.gg. All are complementary drivers of our future revenue growth. We are excited to have these companies and their experienced teams within our family. We are now focusing on closing these transactions so that we can offer the best experience possible through fully licensed, safe and secure online platforms,” said Intema President and CEO Laurent Benezra.
Intema is unchanged on the day, with shares of the company trading at C$0.53 at 3:59 pm ET.