Esports and gaming technology company ESE Entertainment has acquired Bombee Americas, the North American arm of production company Bombee, in a deal worth $1.5m (~£1.16m) plus ESE common shares.
According to a release, the acquisition will provide ESE with an opportunity to expand beyond gaming. This includes working on live events across “traditional sporting events, concerts and broader entertainment sectors,” per a release.
Bombee Americas is a provider of production services in the gaming and esports space. ESE Entertainment noted that the protection company recently worked on the Call of Duty League Major III in Toronto and worked with Esports Engine to provide technical production for the ALGS 2024 Split 1 Playoffs (Apex Legends).
The 100% acquisition, which was officially completed on October 30th, has been split into three separate payments. This includes $750,000 (~£581,000) in cash, $375,000 (~£290,000) in cash in the six months and $375,000 a year following closing. Moreover, 30m common shares in ESE have also been issued at $0.10 per share.
ESE Entertainment has undergone some slight changes in its portfolio in 2024. After purchasing gaming marketing company GameAddik in 2021, ESE sold the firm to BPV Games in July. In January 2024, the company also acquired blockchain gaming technology through a licensing agreement with Metapro. Another company in ESE’s portfolio is esports media company Frenzy.
Konrad Wasiela, CEO of ESE Entertainment, commented: “We’re excited to strengthen our market position with what we see as the first of many strategic acquisitions.
“The convergence of gaming, music, and sports is opening incredible new opportunities, and this acquisition positions us to lead in delivering unique, immersive experiences across this fast-growing industry.”
