Allied Esports Entertainment (AESE) Receives Proposal from Bally’s Corporation (BALY)

POTENTIAL DEAL DETAILS

Allied Esports Entertainment, Inc. (AESE), a global esports entertainment company, confirmed that it received an unsolicited proposal from Bally’s Corporation (BALY) to acquire all of the outstanding equity interests of the Company for a total consideration of $100 million, payable, at the Company’s option, in cash, Bally’s capital stock, or a combination of both.

Update(s):

March 16, 2021: Allied Esports Entertainment, Inc. (AESE), a global esports entertainment company, today announced that the Company’s Board of Directors, in consultation with its financial and legal advisors, has determined that a revised proposal from Bally’s Corporation constitutes a “Superior Proposal” under the Company’s pending stock purchase agreement with Element Partners, LLC.

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