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 accessible on the time of writing.
VSPN mentioned in its announcement that Banana Gaming & Media will retain its present operations and stay an unbiased 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 workplaces in Shanghai and Xi’an, China, and Seoul, South Korea. The corporate has been concerned in such esports competitions for PUBG Mobile, Brawl Stars, FIFA 4 Online, and lots of different main esports titles.
In October of 2020, VSPN raised close to $100M USD in a Series B financing round led by Tencent Holdings, with participation from different buyers together with Tiantu Capital, SIG (Susquehanna Worldwide Group), and Kuaishou.