TV Azteca, the television network based in Mexico, has entered a term sheet with Black Ride Acquisition Corp. which would provide for TV Azteca to become a shareholder in esports entertainment company Allied Esports.
TV Azteca will acquire $5 million in shares of Black Ridge Acquisition Corp., aiming to position Allied Esports strongly in the Mexican esports market.
“Continuing to expand our footprint around the world with likeminded leaders and innovators is imperative to our success, and we are delighted to partner with TV Azteca as we enter Latin America with a smart, aggressive plan. The Mexican and Latin American market presents incredible potential, and this partnership, featuring two first-movers in esports, entertainment and distribution, is a winning combination,” Frank Ng, Co-CEO of Ourgame International Holdings said.
“We are enthusiastic about our investment in Allied Esports and the prospect of joining forces to become the clear leader in the delivery of esports entertainment in the region. This relationship represents a transformational step for TV Azteca and for the millions of members of the esports community in Latin America,” Benjamin Salinas, CEO of TV Azteca said.
TV Azteca to Invest $5 Million in Allied Esports
ByNiji Narayan
Jun 21, 2019
By Niji Narayan
Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.