(Reuters) – Shares of David Beckham-backed Guild eSports jumped more than 54 percent in early trading on Monday after the gaming company said it plans to accept a takeover offer from California-based investment management firm DCB Sports.
Financial details of the deal were not disclosed by Guild Esports, which said last week it was “actively exploring” a range of options to allow it to meet its short-term obligations.
Shares in the gaming company, which launched in late 2020 with a market value of £41.2 million ($52.6 million), have fallen by about 99% since then.
“If the deal is completed, DCB Sports will take over the management of the Guild brand, support the future working capital requirements of the business, and provide sufficient ongoing capital to allow it to operate on a stable financial platform,” the London-listed company said in a statement.
The potential deal includes all of its assets and assumes liabilities, the company said, adding that this would be DCB Sports’ first investment in esports.
Former England football captain David Beckham is a founding shareholder and currently the sixth largest shareholder in Guild with a 3.05% stake, according to LSEG data.
(1 dollar = 0.7828 pounds)
Comments are closed, but trackbacks and pingbacks are open.