New Wave Esports has entered into a definitive share purchase agreement to acquire all the shares of Even Matchup Gaming (EMG). New Wave currently holds an 18% stake in EMG.
“We are excited to join the New Wave Esports team through the acquisition of EMG. We have been actively building our local and national fighting game communities for years and this opportunity will allow us to continue to support them with incredible events for many more years to come. Through our partnership with New Wave Esports, we look forward to further developing the size and quality of the tournaments we produce, and expanding our operations throughout North America,” Joe Cribari, CEO of Even Matchup Gaming said.
“Even Matchup Gaming’s focus on fighting games uniquely positions the company in an important emerging sector of esports. Their tournament operator model is integral to the esports industry ecosystem as it is scalable and rapidly growing. Each of their events has set record attendance levels as they produce highly-memorable experiences for a hyper-engaged audience. The acquisition of EMG represents a major milestone in our commitment to fully acquire esports properties in order to drive continued growth and profitability in this fast-growing industry, and demonstrates New Wave Esports’ expertise in identifying acquisition opportunities at fair market value,” Dan Mitre, CEO of New Wave Esports said.