India, Sept. 9 -- GameSquare Holdings, Inc. (GAME), an integrated media, entertainment, and technology company, said on Wednesday that it has inked a deal to acquire the assets comprising FanEngine Holdings Limited, a technology and media asset consolidator. The transaction is structured as an asset purchase.
Based on the closing price of $2.95 per GAME share on September 4, the shares to be issued at closing are valued at around $15.9 million, with additional potential value in stock and cash earn outs. The deal will ultimately be valued using GAME share price as of the closing date.
The transaction is expected to be immediately accretive to the earnings of the acquirer. Post transaction, the GAME shareholders are anticipated to represen...