TORONTO – Blue Ant Media last week sold its gaming content group Omnia Media to Enthusiast Gaming Holdings in a deal valued at $47 million. The move will create the largest gaming media, esports and entertainment platform in North America by users, with 300 million video game and esports fans monthly, reads the Enthusiast press release. The purchase price will consist of 18.25 million common shares of Enthusiast Gaming, $11 million in cash and a vendor-take-back note with a face value of $5.75 million. Using today’s Enthusiast share price ($1.66), this means the transaction is valued at $47 million. Based...
