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Enthusiast Gaming Announces Acquisition Of Gameknot

Sep 02, 2021•over 4 years ago

Acquiring Company

Enthusiast Gaming's Direct Media Sales Business

Acquired Company

GameKnot

Los AngelesMedia And Entertainment

Description

Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ:EGLX) (TSX:EGLX), a media and content platform for video game and esports fans to connect and engage, announced that it has acquired GameKnot LLC, owner of chess fan community GameKnot.com (“GameKnot”).

Company Information

Company

Enthusiast Gaming's Direct Media Sales Business

Location

90 EGLINTON AVENUE EAST

Los Angeles, California, United States

About

Enthusiast Gaming provides a platform for gaming, esports, and entertainment content. Its direct media sales business focuses on high-impact advertising across various digital channels. The business significantly enhances partnership opportunities for brands within the gaming vertical.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed