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Tuesday, May 24, 2022

Allied Esports Entertainment Seeks Esports Unit Sale

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 Irvine-based Allied Esports Entertainment Inc. (Nasdaq: AESE), an operator of venues and live events for video gaming enthusiasts, said it will  focus on selling its Esports division and will evaluate the acquisition of one or more companies. 

The company in a statement yesterday announced a series of changes to its board and management team, including the appointment of  Lyle Berman as president. He has been serving as board chairman.  

Libing Wu continues to serve as the company’s chief executive officer, according to the statement. 

The company will report third-quarter earnings on Nov. 15. 

Allied Esports Entertainment fell 1.3% to $2.25 apiece for a market cap of $88 million today.

For further details, please see the Nov. 22 print edition of the Business Journal. 

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal

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