Benzinga | Mar 10, 2021 06:39AM EST

Gray Television To Invest $28.5M In Envy Gaming And Name Two Directors To Envy Board

DALLAS, March 10, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray") (NYSE:GTN) and Envy Gaming, Inc. ("Envy"), an esports and entertainment company based in Dallas, jointly announced today that Gray is leading a $40 million investment round for the organization. As the lead investor in Envy's Series C round, Gray will invest $28.5 million and name two directors to the Envy Gaming board of directors.