The Conversation (0)
X1 Esports (CSE:XONE) advances a diversified portfolio of assets. that includes companies in media, networks and agency services. The company plans to increase revenue through mergers and acquisitions targeting cash-flow-positive companies. X1 Esports will continue to build upon its existing portfolio with organic growth and accretive M&A.
The company began by acquiring the competitive esports organization RixGG. RixGG is a UK-based company fielding teams in “League of Legends: Wild Rift” and “Valorant,” two popular games in the esports world. However, competition is only one aspect of RixGG; it also produces content, sells merchandise, and is a lifestyle brand.
In 2022, X1 Esports signed a term sheet to acquire Tyrus.TV, an influencer management agency specializing in esports competitors. Tyrus.TV fully manages gamers' social media accounts, including TikTok, Twitter, Twitch, YouTube and Instagram.
Company Highlights
- X1 Esports is a media and gaming company with a portfolio of diversified assets targeting different aspects of the video game and creator economy industries.
- The company plans to continually increase revenue through M&A, organic growth, and increased synergy between its assets.
- Term sheets have been signed to acquire Tyrus.TV and Shift RLE to potentially form a well-rounded portfolio that includes a competitive gaming team, an influencer management company and a media news and fantasy sports organization, respectively.
- A strong corporate management team leads the company with experience in corporate management, finance, and media management.
This X1 Esports company profile is part of a paid investor education campaign.*
XONE:CNX
