Esports Entertainment Group has undertaken its first investment since refocusing its commercial outlook and strategy to orient around operations back in April.
The company has signed a binding letter of intent with Drafted.gg to secure a 30% minority stake in the Czech Republic-based esports content producer. This will be followed up by a revenue share agreement and continuing ‘strategic collaboration’ between the two firms.
Drafted.gg operates two production studios, one in Prague and one in the UAE, and specialises in producing esoccer, cricket and basketball titles, with matches live streamed across Europe and Asia via Twitch and YouTube.
The company has signed a binding letter of intent with Drafted.gg to secure a 30% minority stake in the Czech Republic-based esports content producer. This will be followed up by a revenue share agreement and continuing ‘strategic collaboration’ between the two firms.
Drafted.gg operates two production studios, one in Prague and one in the UAE, and specialises in producing esoccer, cricket and basketball titles, with matches live streamed across Europe and Asia via Twitch and YouTube.
