Entertainment and technology company ESE Entertainment Inc. (ESE) has entered into an asset purchase agreement with the owner of K1CK Esports Club, Pedro Fernandes.
The deal will see ESE acquire all assets “relating to, and required for, the continued operation of K1CK.”
The European organisation was founded in 1998, and has fielded numerous teams across a wide variety of titles.
K1CK is already integrated into ESE’s structure through the licensing and management of its professional teams. However, with ESE acquiring the intellectual property of the organisation, it is said that the company will be able to “rapidly scale and increase the value of the K1CK brand on a global level.