Allied Esports looking to sell World Poker Tour for $ 105 M

Allied Esports looking to sell World Poker Tour for $ 105 M

Allied Esports Entertainment announced on March 30th that it has amended its stock purchase agreement with Element Partners to sell all of the outstanding capital stock of each of the legal entities that collectively operate or engage in the Company’s poker-related business and assets. The amendment to the stock purchase agreement increases the overall purchase price from $90.5 million to $105 million.

The Company’s Board of Directors unanimously approved the amendment to the stock purchase agreement. 

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