Toronto-based Tiidal Gaming Group has announced the acquisition of North American esports tournament operator Space Esports.
Effective immediately, Space Esports will join Tiidal Group’s other esports property, Lazarus Esports.
Charlie Watson, CEO of Tiidal Gaming discussed the acquisition in a release: “This acquisition underpins Tiidal’s view to build a diversified esports and gaming platform company with events being a core focus of that strategy. Being located at the centre of the esports and gaming world in Los Angeles, California, Space Esports is a dynamic addition to Tiidal’s growing slate of offerings that expand our ability to be the bridge for brands and sponsors to our millennial and Gen Z audiences. Additionally, we now have material reach into the U.S. market as a North America-wide company.”
Space Esports runs and operates a variety of online esports tournaments for players in North America, from traditional titles such as League of Legends to weekly events in Dead By Daylight. It will continue to run independently after the acquisition with Tiidal Group, working out of its office in Los Angeles.
Michael Calderone, CEO of Space Esports also commented: “This opportunity to join Tiidal is incredibly positive in a rapidly growing and competitive industry landscape. Joining Tiidal Gaming will provide us with the necessary support, expertise, and resources to expand our business and grow under a unified platform approach while continuing to scale.”
Tiidal Gaming is an organisation within the New Wave Esports investment portfolio. Esports Insider spoke with the company’s CEO, Daniel Mitre, recently to discuss its approach to investment and current industry trends.
Esports Insider says: The acquisition should give Space Esports more room to grow with increased capital and more opportunities in the future. With Tiidal Gaming receiving investment in April, it’s acted fast in increasing its esports portfolio with this latest acquisition.