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TGS Esports Signs Letter of Intent to Acquire Pepper Esports
TGS Esports has signed a letter of intent (LOI) to acquire Pepper Esports, a leading competitive esports platform.
The acquisition is expected to provide TGS with diverse new online revenue streams that include data monetization, payment processing, and recurring subscription revenue. The Pepper executive team, Guy Halford-Thompson, Jackson Warren, and Ben Hoffman, are expected to join the TGS executive team on the closing of the acquisition.
“Rather than sending our players to third party platforms for online events, and missing out on key revenue, we will now be able to keep players within our ecosystem while also generating revenue directly from the Pepper platform. This acquisition brings an important technology platform to TGS, making our business model scalable, global, and with defensible IP,” Spiro Khouri, CEO of TGS, said.
“This acquisition will fast track our ability to scale the Pepper platform by leveraging the existing customers and expertise of the TGS team, and we hope to bring accelerated revenue growth to TGS once the Pepper platform is fully launched. Becoming part of TGS is a big milestone for the company,” Guy Halford-Thompson, CEO of Pepper, said.
