Riva Technology and Entertainment and Galaxy Racer completed the acquisition of VY Esports.

Riva Technology and Entertainment, a gaming and technology investment group, and Galaxy Racer, an esports, gaming and lifestyle organization, completed the acquisition of VY Esports, a global esports company specializing in authentic experiences and creative content for the esports generations. Financial terms were not disclosed. “We are thrilled to be part of Riva Technology and Entertainment and Galaxy Racer, as we strongly believe in Paul Roy’s vision. With the POPC Lounge platform, we will push hyper-growth across the vast RTE and Galaxy Racer influencer network. As we scale globally we will bring direct, monetizable, fan engagement to major regions like South East Asia, Africa, the Middle East, and the United States by offering a new strategy for monetizing virtual engagements between creators and fans,” Oleg Butenko, VY Esports Founder and CEO.