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Gfinity has concluded its formal sale process, and announced that it has not taken up any acquisition offer.
The esports company said in its announcement that, after a five month strategic review, it “concluded that it is in shareholders’ best interests to focus on accelerating the growth of the business under its existing strategy.”
While discussions did not lead to the acquisition of Gfinity, it resulted in new contracts for the firm, including its “largest ever multiyear commercial” contract, with fan engagement platform Iqoniq.
Gfinity also released its financial results for the six months ended December 31, 2020,