Gaming and esports entertainment and events company TGS Esports has entered a letter of intent to acquire Volcanic Media Inc., a Canadian grassroots esports and scholastic tournament organiser.
Following the acquisition, TGS will remove all fees for schools and students currently using Volcanic’s products.
Operating since 2018, Volcanic has created Canada’s National Esports Scholastic League, which works directly with school districts and educators on esports engagement and activations including tournaments and in-class activities.
According to a release, it is anticipated that the acquisition will drive over 200,000 new users to TGS through Volcanic’s scholastic programs.