Entertainment and technology company ESE Entertainment Inc. (ESE) has announced it has entered into a share purchase agreement with World Phoning Group Inc., Encore Telecom Inc., and their two subsidiaries collectively known as WPG.
The agreement will see ESE acquire a 51 percent stake in the business in a bid to further develop its esports offerings.
The news comes after ESE signed a letter of intent (LOI) in December 2020 to acquire the assets of World Phoning Group Inc. and Encore Telecom Inc.
As per the agreement, all of WPG’s assets will be combined into a newly formed Canadian company known as World Performance Group.