Chinese esports solutions provider VSPN (Versus Programming Network) announced Friday that it has completed its acquisition of Banana Gaming & Media. Financial terms of the acquisition deal were not available at the time of writing.
VSPN said in its announcement that Banana Gaming & Media will retain its current operations and remain an independent subsidiary of the group. Banana Gaming & Media founder Sicong Wang will serve as the vice chairman of the group’s strategy committee.
Banana Gaming & Media has offices in Shanghai and Xi’an, China, and Seoul, South Korea. The company has been involved in such esports competitions for PUBG Mobile, Brawl Stars, FIFA 4 Online, and many other major esports titles.
In October of 2020, VSPN raised close to $100M USD in a Series B financing round led by Tencent Holdings, with participation from other investors including Tiantu Capital, SIG (Susquehanna International Group), and Kuaishou.