Millennial Esports has announced it will acquire Stream Hatchet as they look to expand their esports offering.
The deal will see Millennial Esports issue 2,951,973 common shares of Millennial Esports at an issuance price of $0.225 per share as well as paying 125,000 EUR (£106,000) to former security holders of Steam Hatchet.
Millennial are arguably best known for owning and operating “thE Arena”, the first dedicated esports venue in Las Vegas. The 15,000 square foot facility is located on Fremont Street at the Neonopolis and has already played host to Halo and Madden with more to come.
In addition, Millennial operates millennialesports.gg a platform and online community which provides gamers with online competitions, leagues and ladders allowing them to win prizes and recognition within the community. In addition, Millennial provides turnkey solutions to game publishers, consumer brands and other partners to offer exposure and influence on the coveted millennial audience.
Stream Hatchet is a data analytics company based in Terassa, Spain. It provides analytics and business intelligence for persons and entities involved in game streaming. It provides holistic data to its users and the users are then able to make dcisions based on the data. Current users of Stream Hatchet are streamers, Esports organisations, video game producers and advertising agencies. The company also offers solutions to its users by providing data, insights and intelligence they need. It looks to assist advertisers in entering esports through targeting streamers. Stream Hatchet currently tracks all the broadcast activity on Twitch, Azubu, Hitbox and Beam.
“We are excited to soon welcome the Stream Hatchet team to the Millennial Esports family” said Alex Igelman, CEO of Millennial Esports Corp. “We continue to expand our offerings to focus on Esports technology and business solutions in addition to operating our state of the art downtown Arena, tournament platform, game related apps and functioning as a tournament organiser. Our motto is ‘All things Esports’ and we will continue to explore other business opportunities in Esports in order to be able to capitalise on this emerging but still nascent space.”
Esports Insider says: Millennial have been busy recently and it doesn’t look like stopping with this acquisition. It’s another service to add to the plethora of existing solutions. Good luck to both parties.
