Media holding company TECHIIA, the parent company of WePlay Esports, has merged the assets of WP Merchandise and FS Holding.
TECHIIA plans to invest between $14-30 million (£10-23m) into these companies over the next three years.
With the merger, company shares were redistributed between owners Oleg Krot, Yura Lazebnikov (Founders of WP Merchandise and TECHIIA) and Yuri Antoshkin (FS Holding Founder). Yuri Antoshkin, the Managing Partner of the international FS Holding company will also hold the position of CEO at WP Merchandise!