Acquiring Company
ESE
Acquired Company
GameAddik
WarsawMedia And EntertainmentDescription
ESE Entertainment Inc. (TSXV: ESE) (OTCQB: ENTEF) (the “Company” or “ESE”) is pleased to announce that, further to its news release dated December 1, 2021 (the “Announcing News Release”), it has completed its acquisition of 100% of the shares of 9327-7358 Quebec Inc. DBA GameAddik (“GameAddik”), a Canadian technology company focused on gaming and esports. In connection with the closing, key members of the GameAddik team have been engaged by ESE to ensure continuous business operations and a smooth transition.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed