Benzinga | Mar 30, 2021 09:15AM EDT

Allied Esports Entertainment And Element Partners Amend Stock Purchase Agreement; Amendment Increases Overall Purchase PRice From $90.5M To $105M

Allied Esports Entertainment, Inc. (NASDAQ:AESE) (the "Company" or "AESE"), a global esports entertainment company, today announced that it has amended its stock purchase agreement with Element Partners, LLC ("Element") to sell all of the outstanding capital stock of each of the legal entities that collectively operate or engage in the Company's poker-related business and assets (the "WPT Business"). The amendment to the stock purchase agreement increases the overall purchase price from $90.5 million to $105 million.