- X1 Esports and Entertainment Ltd. (XONE) has closed the previously announced transaction with Tyrus LLC
- Following the completion of the transaction, X1 Esports now holds all issued and outstanding securities of Tyrus
- Tyrus will now operate as a subsidiary of X1 Esports
- X1 Esports and Entertainment Ltd. is a video game and media portfolio company which owns and operates a growing esports franchise, RixGG
- Tyrus is a boutique talent management group for digital content creators
- X1 Esports and Entertainment Ltd. was unchanged at C$0.34 at 09:30 ET
X1 Esports and Entertainment Ltd. (XONE) has closed the previously announced transaction with Tyrus LLC.
X1 Esports and Entertainment now holds all issued and outstanding securities of Tyrus, which will operate as a subsidiary of X1.
“The Tyrus transaction offers tremendous opportunity for X1 to partake in the growing global creator economy which is an industry of over 50 million individual content creatorswhere Tyrus is extremely well-positioned,” said Mark Elfenbein, CEO of X1.
As a result of the closing of the transaction, Tyrus’ Manager, Amanda Solomon, will also join the X1 advisory board.
Since 2017, Tyrus has built a client roster of over 60 high-profile content creators with a combined reach of over 20 million followers.
Tyrus provides comprehensive management of YouTube, TikTok, Twitch and other social media channels as well as consultation on personal brand growth strategies and partnership management.
“Becoming part of the X1 family will allow Tyrus to extend its reach and engage with new and exciting talent in the gaming and esports community,” said Amanda Solomon, CEO of Tyrus.
In the execution of the terms of a membership interest purchase agreement dated July 15, 2022, X1 Esports acquired 100 per cent of the issued and outstanding membership interest of Tyrus for total amount of up to US$350,000.
X1 Esports and Entertainment Ltd. is a video game and media portfolio company which owns and operates a growing esports franchise, RixGG.
Tyrus, with its talent services, is a boutique talent management group for digital content creators.
X1 Esports and Entertainment Ltd. was unchanged at C$0.34 at 09:30 ET.