Allied Esports Entertainment has set out plans to restructure its existing esports business operations and expand its focus into a wider range of markets, following the completion of a strategic review.
Overseen by its board of directors and assisted by financial advisor Benchmark Company, the review looked at the Allied business as a whole to establish how it could best achieve further growth, including a potential business combination transaction.
It was concluded that shareholders interests would be best served by restructuring the existing esports business and widening focus to include a broader array of entertainment and gaming products and services, as opposed to seeking a single business combination transaction.
In addition, the …
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