Wondr Gaming Announces Non-Binding Letter Of Intent To Acquire Gamelancer

Wondr Gaming Corp. announced that it has entered a non-binding letter of intent with Gamelancer Inc. to acquire all of the issued and outstanding securities of Gamelancer in exchange for $10 million, with $7.5 million payable on closing and $2.5 million payable one year from the date of closing, and the issuance of common shares of Wondr representing 49% of the company on a post-transaction basis.

“We could not be more excited to partner with Gamelancer,” said Jon Dwyer, Chairman and CEO of Wondr Gaming. “What their team has built provides access to the global gaming community for our sports, music, and gaming brand clients. We have a growing roster of athletes, musicians, gamers, and influencers that will be featured in brand-partnered content presented across the Gamelancer and Wondr network. Matched with the programmatic media offering, this partnership will provide a significant revenue boost to both Wondr and Gamelancer. It’s a gamechanger for our organization and we are humbled by the opportunity to partner with the bright minds at Gamelancer.”

Gamelancer is a media powerhouse with a vast network of content, which includes 20+ channels, 19,500,000+ followers, and over 800,000,000 monthly views. With the Gamelancer network, growing at an average of 60,000-100,000 followers daily, joining Wondr’s 163,000,000 follower influencer network, this combined media offering will drive significant revenue for both organizations.

Each party is conducting its respective due diligence and the contemplated transaction remains subject to approval by the board of directors of each party and regulatory approval. Subject to the completion of each company’s due diligence to its sole satisfaction, the parties will negotiate and proceed to enter into a definitive agreement outlining the terms and structure of the transaction. The final transaction structure will be determined after each party has had the opportunity to receive legal, accounting and tax.

(All information was provided by Yahoo! Finance and Cision)