eUnited set to be acquired by Backstageplay

North American organisation eUnited entered into a merger agreement with Backstageplay Inc. on June 16th.

The deal would see United eSports Inc. acquired by Backstageplay through the merger.

Should the agreement come into fruition, Backstageplay would operate eUnited as normal while utilising its pre-existing software and intellectual property to expand the organisation.

Prior to the merger’s completion, Backstageplay will undertake a capital reorganisation that creates both common shares and a “new class of voting shares.” eUnited’s shareholders will also restructure in a way that sees them own their stake in the organisation through a holding company. Once the merger is complete, the holding…