Chinese language esports options supplier VSPN (Versus Programming Community) introduced Friday that it has accomplished its acquisition of Banana Gaming & Media. Monetary phrases of the acquisition deal weren’t obtainable on the time of writing.
VSPN mentioned in its announcement that Banana Gaming & Media will retain its present operations and stay an impartial subsidiary of the group. Banana Gaming & Media founder Sicong Wang will function the vice chairman of the group’s technique committee.
Banana Gaming & Media has places of work in Shanghai and Xi’an, China, and Seoul, South Korea. The corporate has been concerned in such esports competitions for PUBG Cell, Brawl Stars, FIFA four On-line, and plenty of different main esports titles.
In October of 2020, VSPN raised near $100M USD in a Sequence B financing spherical led by Tencent Holdings, with participation from different traders together with Tiantu Capital, SIG (Susquehanna Worldwide Group), and Kuaishou.
VSPN handles manufacturing for a number of the greatest competitions in Asia together with League of Legends Rift Rivals, King Professional League (KPL), and the PUBG Cell Membership Open (PMCO) World Finals.