Riva Technology and Entertainment и Galaxy Racer to acquire VY Esports

Tech and investment company Riva Technology and Entertainment teamed up with Galaxy Racer to acquire esports organization VY Esports. Following the acquisition, VY Esports CEO Oleg Butenko will join the advisory board of Riva Technology and Entertainment. In addition, Gordon Rubinstein, Managing Partner of Raine Ventures, will serve on the advisory boards of Riva Technology and Entertainment and Galaxy Racer.

Financial details of the deal were not disclosed.

VY Esports was founded by Oleg Butenko, a digital entrepreneur who has created many companies focused on music, telecommunications and esports.

Oleg Butenko, VY Esports Founder and CEO: “We are delighted to be a part of Riva Technology and Entertainment and Galaxy Racer as we strongly believe in Paul Roy's vision. Galaxy Racer - As we scale globally, we will provide direct, monetized interactions with fans in large regions such as Southeast Asia, Africa, the Middle East and the United States by proposing a new strategy for monetizing virtual interactions between content creators. and fans. "

Through the POPC Lounge platform developed by VY Esports, Riva Technology and Entertainment and Galaxy Racer aim to drive the growth of their network of influencers. This is expected to be done by providing direct, monetized fan acquisition services to major esports regions around the world.