Gamification platform Backstageplay has announced the mutual termination of its merger agreement with North-American esports organisation eUnited.
The merger agreement between the two organisations was first revealed in June 2020, with eUnited stakeholders claiming 60 per cent of the new entity. This would have resulted in a reverse takeover of the Toronto Stock Exchange Venture Exchange (TSXV)-listed Backstageplay as a result.
Following a press release by Backstageplay, the agreement is now null and void, with the firm citing that the impact of the global health pandemic was a major factor in the termination.