Delaware North Not Leaving Esports For Good After Splyce Deal
Delaware North fully intends to return to esports at some point, CMO Todd Merry said Wednesday, despite plans to cash out of its position in Splyce. The concessionaire and Bruins owner was among the first traditional sports groups to make an esports play when it invested in N.Y.-based Splyce in February '17. But Splyce was sold to Toronto-based OverActive Media on Wednesday. OverActive Media in a statement said the acquisition will "eventually merge the shareholder base under OAM” and declined to elaborate. However, Merry said Delaware North wants cash, not shares in the newly-merged OverActive, and is trying to sell its shares to a fellow Splyce investor before the Splyce acquisition is finalized. Merry said in any case, the moves should not be seen as a rebuke of the esports industry by Delaware North. “We’re still very much interested in esports, and we’re talking to two different teams about investing now,” Merry said. “One is a long-term client of ours in the traditional sports world. We still want to be in esports, but we wanted more control, more of an ownership position, and we just didn’t get there with Splyce."
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