Guild Esports (GB:GILD) has released an update.
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Guild Esports PLC, a prominent gaming media company, has announced its intent to sell all assets to DCB Sports LLC, an investment firm with a focus on emerging sports teams. The acquisition is intended to stabilize Guild’s financials and expand its global brand, though it is still subject to definitive agreements and due diligence. The deal marks DCB Sports’ first foray into esports, following investments in various sports entities and a recent tech sports venture.
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