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New Deal


Announced

UFEA and NAEL to form VHEL.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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esports

Gaming

Friendly

gaming

United States

Merger

Pending

Acquisition

Single Bidder

Domestic

Majority

Private

Synopsis

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United Federation of Esports Athletes League, a youth esports league, and North American Esports League, an operator of online gaming league, agreed to form Valhallan Esports League, a system for developing esports skills. Financial terms were not disclosed. "Organized, live competition creates an engaging esports experience that gives kids the same social benefits traditional team sports provide. Launching the VHEL with this free Ragnarok series event gives young gamers a platform to expand communication, teamwork and good sportsmanship. These are all examples of essential social skills kids learn from practicing and playing traditional team sports," Christopher Baarstad, VHEL Vice President.

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