Victory Square Technologies - CEO, Shafin Diamond Tejani
CEO, Shafin Diamond Tejani
Source: Thrive Global
  • Victory Square Technologies’ (VST) portfolio company, V2 Games, has acquired gaming company GameOn through an all-share buyout
  • V2 acquired the assets and intellectual property of GameOn through an all-stock transaction
  • GameOn currently has a number of valuable agreements in place, including partnerships with Comcast and NBCUniversal
  • V2 Games will issue shares to GameOn shareholders at C$0.25 each per V2 Games share
  • Victory Square Technologies (VST) is down 12.82 per cent and is currently trading at 68 cents per share

Victory Square Technologies’ (VST) portfolio company, V2 Games, has acquired gaming company GameOn through an all-share buyout.

GameOn provides consumers, broadcasters, sportsbooks, venues, and brand partners with interactive, social experiences of televised and live sports events.

The company has a range of proprietary mobile and TV technologies, which allow fans to compete, watch, and win through prediction games.

The company is also a major player in the sports betting industry, through affiliate partnerships and licenses with key global sports betting operators.

GameOn currently has a number of valuable agreements and relationships in place, including partnerships with Comcast and NBCUniversal. Under the distribution partnership with Comcast, GameOn will deliver its branded sports prediction experience to homes and hospitality venues across the US. 

Under a white label partnership with NBCUniversal, GameOn will build its prediction products for programming which includes reality TV and sports. 

V2 Games has acquired the assets and intellectual property of GameOn through an all-stock transaction. The portfolio company will issue shares to GameOn shareholders at C$0.25 each per V2 Games share. 

Victory Square’s CEO, Shafin Diamond Tejani, commented on the addition of GameOn to the company’s portfolio business.

“This acquisition will enable V2 Games to grow by expanding its offerings, creating strategic relationships and new revenue streams in the marketplace.

“GameOn’s outstanding team, technology, and partners put our new company in an excellent position to capitalise on a booming gaming and sports betting market by offering unmatched products in the comfort of your own home,” he said.

Victory Square Technologies (VST) is down 12.82 per cent and is trading at 68 cents per share at 11:36am EDT.

More From The Market Online

Manulife hires banking business’ first female CEO

Manulife Bank, operating under insurer Manulife Financial (TSX:MFC), will be led by its first female CEO, Katy Boshart, beginning next week.

76% of Canadians still believe homeownership is out of reach

Buying a home feels out of reach for most Canadians who don't own property, yet half of non-owners are still holding onto that goal.
Bank of Canada - Governor Tiff Macklem and Senior Deputy Governor, Carolyn Rogers.

Bank of Canada holds rate, keeping risk-on sentiment at bay

The Bank of Canada held its policy interest rate at 5 per cent, with the Canadian economy yet to show evidence of sustained easing.