On January 3rd, Allied Esports Entertainment Inc. announced that it had teamed up with The Benchmark Company LLC. This deal will see Benchmark serve as Allied Esports’ exclusive financial advisor for potential business-related transactions.
“I am very pleased to announce our engagement with Benchmark to assist in the identification and execution of a transformative M&A transaction,” said Lyle Berman, the President of Allied Esports Entertainment Inc. “After an extensive and extremely thorough search process, I believe Benchmark is the ideal investment bank to advise our team as we continue our efforts to maximize AESE shareholder value.”
Allied Esports is actively pursuing opportunities to invest cash in up-and-coming businesses. To date, the organization has reviewed an undisclosed number of potential targets. This deal with Benchmark aims to accelerate this process.
Allied Esports Entertainment Inc. is a world-famous gaming and media company that currently trades stock under the ticker symbol “AESE”. As of 2:45 PM EST on January 7th, 2022, one share of stock in the company is valued at $1.85.