Snap, Intel, Moderna, Digital World Acquisition Corp and extra

Check out the companies that are making the headlines in midday trading.

Snap Snap stock slumped 26.6% after it released its quarterly results, which included both a drop in sales and a profit blow. The social media company said its advertising business had declined due to Apple’s privacy changes.

Facebook, TwitterSocial media and digital promotional stocks have gone down Based on Snap’s findings on the impact of Apple’s privacy changes. Facebook shares were down 5.5% and Twitter shares were down 4.8%.

Intel – Intel shares fell after a. 11.7% after weaker than expected sales report. The semiconductor company blamed an industry-wide chip shortage for its lost revenue and warned that its gross margin and free cash flow would decline over the next two to three years.

Modern – Shares in the biotech company fell 3.8% Deutsche Bank started coverage of Moderna with a sell rating. The company said potential innovations were already priced into Moderna’s stock. “We agree that there is potential to disrupt the dynamics in the broader realm of infectious viral diseases (e.g. influenza), but all of this is more than generously reflected in a rating that appears detached from a problematic assessment of reality “said German.

Digital World Acquisition Corp. – Shares of the SPAC, which make the planned social media platform of the former President Donald Trump public, skyrocketed again in the roller coaster trade. The blank check company, which trades on the Nasdaq under the ticker DWAC, shot up 216% at times and closed 107%. The stock rose more than 350% on Thursday due to its explosive trading volume and volatility.

Honeywell Honeywell’s shares are down 3.2% after the company lowered its full-year revenue forecast. The company also reported quarterly revenue that was below analysts’ expectations for the third quarter. However, the result exceeded the forecasts.

American Express American Express stocks rose 5.4% after the company beat earnings expectations. The company reported earnings of $ 2.27 per share on sales of $ 10.93 billion. Analysts polled by Refinitiv expected earnings of $ 1.80 per share on sales of $ 10.52 billion.

Urban Outfitters Urban Outfitters’ shares rose 1.5% after Citi upgraded the clothing retailer from neutral to buy. “We can’t ignore the -25% better risk / reward ratio in stocks since URBN’s 2nd quarter (reported August),” said Citi.

VF Corp. – The clothing company’s shares fell 4.5% after missing the top and bottom lines of quarterly results. VF Corp. reported earnings of $ 1.11 per share on sales of $ 3.2 billion. Wall Street expected earnings of $ 1.15 per share on sales of $ 3.5 billion, according to Refinitiv.

Seagate – Seagate shares rose 6.1% after the data storage company beat earnings estimates. The company reported earnings of $ 2.35 per share, 13 cents more than expected, according to Refinitiv. Seagate also outperformed revenue estimates and issued strong revenue and earnings per share projections for the current quarter.

Chipotle Mexican Grill – Chipotle shares fell 2.8% despite one Make a profit. The fast-casual chain has dashed analysts’ expectations, expecting adjusted earnings of $ 7.02 per share versus $ 6.32 per share, according to Refinitiv. Higher menu prices helped the company offset higher input costs.

Boston beer Boston Beer shares were up 1.6% on the brewery’s third-quarter sales report. Boston Beer had sales of $ 561.6 million, according to StreetAccount, beating analysts’ consensus estimate of $ 531.5 billion.

Whirlpool Whirlpool shares rose 2.7% after the home appliance maker beat Wall Street expectations for earnings per share. The company reported earnings of $ 6.68 per share, 56 cents more than Refinitiv’s consensus estimate.

Mattel Mattel shares rose 0.6% after the toy maker’s quarterly report beat analysts’ expectations. Mattel posted earnings of 84 cents per share on sales of $ 1.76 billion, while analysts polled by Refinitiv expected earnings of 72 cents per share on sales of 1.69 billion US dollars.

– CNBC’s Tanaya Macheel, Maggie Fitzgerald and Yun Li contributed to the coverage

Fertitta Leisure, Inc. Broadcasts Modification to Merger Settlement with FAST Acquisition Corp.

HOUSTON, June 30, 2021 /PRNewswire/ — Fertitta Entertainment, Inc., the parent company of Golden Nugget/Landry’s (“Fertitta” or the “Company”), a leader in the gaming, restaurant, hospitality and entertainment industry, and FAST Acquisition Corp. (NYSE: FST) (“FAST”), a special purpose acquisition company co-headed by Doug Jacob and Sandy Beall, announced today that they have entered into an amendment to their previously announced Agreement and Plan of Merger entered into between the parties on February 1, 2021.   According to the amendment, the Company has agreed to contribute certain operating businesses not originally included as part of the business combination with FAST for no additional debt.  Businesses that will now be contributed to the public company include the Mastro’s brand, the Aquariums, the Pleasure Pier, Vic and Anthony’s, and a handful of smaller restaurant concepts, adding a total of 42 incremental, high-quality business assets.  Also, the Company will enter into a transaction to acquire the Catch restaurants, including Catch Steak, which restaurant group is already 50% owned indirectly by Tilman J. Fertitta.  In connection with the amendment, Mr. Fertitta, the Company’s owner, will receive additional equity in the NYSE public company which will increase his total equity stake post -closing of the transaction to approximately 72%.   

Pro forma for the revised transaction, Fertitta Entertainment, Inc. will be one of the largest publicly-traded hospitality companies with 5 land-based casinos and substantial ownership of Golden Nugget Online Gaming, Inc. and over 500 restaurants, amusements, hotels, entertainment venues and other business units across 38 states, the District of Columbia, Puerto Rico, Hong Kong, mainland China, Mexico and Singapore, plus numerous licensed restaurants throughout the world.

In addition, the Company announced preliminary pro forma financial results for the quarter ended June 30, 2021.  Including the additional assets and business units, pro forma net revenues for the three-month period are expected to be between $917 million and $920 million, with pro forma adjusted EBITDA estimated to be between $270 million and $275 million.  For full year 2021, the Company believes that its pro forma adjusted EBITDA will exceed $800 million assuming the contribution or acquisition of all of the operating businesses by the Company was completed as of January 1, 2021.  According to Tilman J. Fertitta, “the contribution of the new business assets greatly improves the Company’s operating cash flow, provides better assets for organic growth, and significantly deleverages the Company as no incremental debt is being incurred by the Company as part of the revised transaction.  Since the rollout of covid vaccinations, the operating results of the incremental assets have been so strong, I decided that I should be focused all in on the Company as I see opportunities for a significant acquisition that would not otherwise be available to the Company without this revised transaction.  We were a great company before and now even better today.”

“The addition of Mastro’s and the destination entertainment businesses provide tremendous cash flow and growth opportunities to the Company and we are excited that Tilman is contributing the new assets to the Company,” said Doug Jacob. “These brands create an even stronger portfolio to leverage for potential future acquisitions.”

Sandy Beall added: “We believe the new assets provide tremendous value to the public company and greatly strengthen the balance sheet for future growth.”

Amended Transaction Overview

The amended transaction implies an enterprise valuation for Golden Nugget/Landry’s of approximately $8.6 billion. This enterprise value includes the value of the GNOG equity to be contributed to the Company, based on an assumed per share trading price of approximately $13.00 for GNOG shares, which will be subject to adjustment based on the 60 day average price of the stock before closing. Estimated cash proceeds from the transaction are expected to consist of FAST’s $200 million of cash in trust, assuming no redemptions. In addition, shareholders have committed to invest approximately $1.24 billion in the form of a PIPE at a price of $10.00 per share of common stock of FAST immediately prior to the closing of the transaction.

The Company expects to use the proceeds from the transaction to accelerate the Company’s growth initiatives, general corporate purposes and reduce existing debt. In connection with the merger, the parties will undertake certain reorganizational transactions to exclude from the public company certain businesses and assets that Tilman J. Fertitta will continue to wholly own on a private basis.

The boards of directors of each of FAST and Fertitta have unanimously approved the amended transaction. The amended transaction will require the approval of the stockholders of FAST and is subject to other customary closing conditions, including the receipt of certain regulatory and gaming approvals. The SEC review process is expected to begin around the third week in July, and the transaction is now expected to close in the fourth quarter of 2021.

Fertitta Entertainment, Inc.

Fertitta Entertainment, Inc. is Tilman J. Fertitta’s holding company for substantially all of his assets, including all of the equity in Golden Nugget, LLC and Landry’s, LLC, approximately 31.494 million shares in Golden Nugget Online Gaming, Inc. (“GNOG”), hotels, real estate, and other investments. The business combination will only include all of its holdings in GNOG and the majority of the assets and businesses that comprise Golden Nugget, LLC and Landry’s, LLC.  Golden Nugget/Landry’s is a multinational, diversified gaming, restaurant, hospitality, and entertainment company based in Houston, Texas.  The Company’s gaming division includes the renowned Golden Nugget Hotel and Casino concept, with locations in Las Vegas and Laughlin, NV; Atlantic City, NJ; Biloxi, MS; and Lake Charles, LA.  GNOG is a leading online gaming company that is considered a market leader by its peers and was first to bring Live Dealer and Live Casino Floor to the United States online gaming market. GNOG was the past recipient of 15 eGaming Review North America Awards, including the coveted “Operator of the Year” award in 2017, 2018, 2019 and 2020. Entertainment and hospitality divisions encompass popular destinations including the Kemah Boardwalk. The Company also operates more than 500 outlets, including over 400 high-end and casual dining establishments around the world, with well-known concepts such as Del Frisco’s, Landry’s Seafood House, Bubba Gump Shrimp Co., Rainforest Cafe, Morton’s The Steakhouse, The Oceanaire Seafood Room, McCormick & Schick’s Seafood, Chart House, Joe’s Crab Shack, and Saltgrass Steak House. Landry’s also operates the popular New York BR Guest Restaurants such as Dos Caminos, Strip House and Bill’s Bar & Burger.

FAST Acquisition Corp.

FAST is a hospitality-focused blank check company launched by the principals of &vestwhose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. FAST is led by founder Doug Jacob and CEO Sandy Beall. FAST raised $200,000,000 in its initial public offering on August 20, 2020 and is listed on NYSE under the ticker symbol “FST.”

Advisors

Latham & Watkins LLP is acting as legal advisor to Fertitta, and Jefferies LLC is acting as financial advisor and capital markets advisor to Fertitta. Jefferies LLC acted as lead placement agent on the PIPE. Both Winston & Strawn LLP and White & Case LLP are acting as legal advisors to FAST.  Citigroup Global Markets Inc. is acting as sole financial advisor to FAST, and Citigroup Global Markets Inc. and UBS Investment Bank are jointly acting as capital markets advisor to FAST.  Goodwin Procter LLP and Skadden, Arps, Slate, Meagher & Flom LLP are acting as legal advisors to Jefferies LLC.

Non-GAAP Financial Measures

This press release includes certain non-GAAP financial measures, including EBITDA and Pro forma Adjusted EBITDA. EBITDA is defined as net income plus interest expense, income tax expense, depreciation and amortization. Pro forma Adjusted EBITDA is defined as EBITDA, plus impairment expenses, pre-opening costs, and onetime non-recurring items, as if all of the businesses were owned as of January 1, 2021. These financial measures are not prepared in accordance with accounting principles generally accepted in the United States and may be different from non-GAAP financial measures used by other companies. FAST and the Company believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends. These non-GAAP measures with comparable names should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with GAAP.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.  The Company’s and FAST’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward looking statements as predictions of future events.  Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements.  These forward-looking statements include, without limitation, the Company’s and FAST’s expectations with respect to future performance and anticipated financial impacts of the transactions contemplated by the merger (the “Business Combination”), the satisfaction of the closing conditions to the Business Combination and the timing of the completion of the Business Combination.  These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.  Most of these factors are outside the Company’s and FAST’s control and are difficult to predict.  Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the agreement and plan of merger for the Business Combination (the “Merger Agreement”) or could otherwise cause the Business Combination to fail to close, (2) the outcome of any legal proceedings that may be instituted against the Company and FAST following the announcement of the Merger Agreement and the transactions contemplated therein; (3) the inability to complete the Business Combination, including due to failure to obtain approval of the stockholders of FAST or satisfy other conditions to closing in the Merger Agreement, including the failure to obtain gaming or other regulatory approvals; (4) the impact of COVID-19 on the Company’s business and/or the ability of the parties to complete the Business Combination; (5) the inability to obtain or maintain the listing of FAST’s shares of common stock on the New York Stock Exchange following the Business Combination; (6) the risk that the Business Combination disrupts current plans and operations as a result of the announcement and consummation of the Business Combination; (7) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably and retain its key employees; (8) costs related to the Business Combination; (9) changes in applicable laws or regulations; (10) the possibility that FAST or the Company may be adversely affected by other economic, business, and/or competitive factors; and (11) other risks and uncertainties indicated from time to time in the Registration Statement (as defined below) relating to the Business Combination, including those under “Risk Factors” therein, and in FAST’s other filings with the SEC.  The foregoing list of factors is not exclusive.   Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.  Neither FAST nor the Company undertakes or accepts any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. 

No Offer or Solicitation

This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Additional Information

In connection with the proposed Business Combination, FAST’s wholly owned subsidiary, FAST Merger Corp. (“FAST TX”) intends to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (the “Registration Statement”), which will include a proxy statement/prospectus, and certain other related documents, which will be both the proxy statement to be distributed to holders of shares of FAST’s common stock in connection with its solicitation of proxies for the vote by FAST’s stockholders with respect to the proposed Business Combination and other matters as may be described in the Registration Statement, as well as the prospectus relating to the offer and sale of the securities of FAST TX to be issued in the Business Combination. FAST’s stockholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus included in the Registration Statement and the amendments thereto and the definitive proxy statement/prospectus, as these materials will contain important information about the parties to the Merger Agreement, FAST and the Business Combination. After the Registration Statement is declared effective, the definitive proxy statement/prospectus will be mailed to stockholders of FAST as of a record date established for voting on the Business Combination and other matters as may be described in the Registration Statement. Stockholders will also be able to obtain copies of the proxy statement/prospectus and other documents filed with the SEC that will be incorporated by reference in the proxy statement/prospectus, without charge, once available, at the SEC’s web site at www.sec.gov, or by directing a request to: FAST Acquisition Corp., 3 Minetta Street, New York, New York 10012, Attention: Sandy Beall, Chief Executive Officer.

Participants in the Solicitation

FAST and Fertitta and their respective directors and executive officers may be deemed participants in the solicitation of proxies from FAST’s stockholders with respect to the Business Combination. A list of the names of those directors and executive officers and a description of their interests in FAST are contained in FAST’s final prospectus dated August 20, 2020 relating to its initial public offering and in FAST’s subsequent filings with the SEC, and is available free of charge from the sources. Additional information regarding the interests of such participants will be contained in the Registration Statement when available.

SOURCE Landry’s

MSG Leisure, BowX Acquisition, Root Inc. & extra

Check out some of the largest moving companies on the pre-market:

BowX acquisition (BOWX) – The special purpose vehicle will bring the office sharing company WeWork to the stock exchange in a $ 9 billion business, including debt. Starwood Capital, Fidelity Management and others are involved in the deal as “PIPE” investors. BowX rose 3.6% in the pre-market.

Ford engine (F) – The automaker will idle production of its popular F-150 pickup truck at a Michigan facility over the weekend due to the global semiconductor shortage.

MSG Entertainment (MSGE) – The owner of the New York Knicks and Rangers as well as Madison Square Garden and other venues is buying MSG networks (MSGN) in a stock swap deal. The transaction reunites the two companies after announcing a split in 2018 and became official last year. MSG Networks fell 4.9% before entering the market.

JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC) – These and other bank stocks will be monitored after the Federal Reserve announces plans Removal of restrictions on bank dividends and share buybacks. This will happen after the stress tests in June, when the banks can show that they can have sufficient capital. JPMorgan was up 1.1% in premarket trading, Bank of America was up 1.5%, Wells Fargo was up 1.3% and Citi was up 1.3%.

Annaly Capital Management (NLY) – Annaly has reached an agreement to sell its commercial real estate business to investment firm Slate Asset Management for $ 2.33 billion. The real estate finance company assumes that the transaction will be completed by the end of the third quarter. Annaly gained 1% in the pre-market.

Altria (MO) – The tobacco manufacturer’s stock rose 1.3% in premarket trading after Jefferies upgraded it from hold to buy. The company said that Altria’s opportunities are underestimated in so-called RRPs (products with reduced risk).

Microsoft (MSFT) – Microsoft is currently in advanced talks to buy the Discord messaging platform for $ 10 billion or more, according to the Wall Street Journal. Bloomberg reported earlier this week that both sides had spoken but that no deal was imminent and that Discord was heading for an IPO.

Root Inc. (ROOT) – Root rose 3.9% in premarket trading after rising 4.9% on Thursday. The auto insurer is “misunderstood” according to Citron Research founder Andrew Left, who calls it a “disruptive technology company”. Since going public in October, Root’s share price has halved.

About (ABOVE), Elevator (LYFT) – A judge in Massachusetts has ruled that Uber and Lyft can contest drivers as independent contractors. The hail shipping companies had tried to get the prosecutor general to dismiss the case. The judge did not decide whether drivers should be classified as independent contractors or as eligible employees. Uber rose 1.1% in premarket trading.

Nio (NOK) – NOK will stop the production of electric vehicles at its facility in Hefei, China, due to the global semiconductor shortage. The suspension will begin on Monday and last for five days. This prompts Nio to lower its delivery forecast for the first quarter from 20,000 to 20,500 to 19,500 vehicles. Nio fell 5% before entering the market.

Progress software (PRGS) – Progress Software reported quarterly earnings of 91 cents per share, 13 cents per share above estimates. Income also exceeded forecasts. The enterprise application software company also raised its outlook for the full year. Progress Software gained 2.6% in premarket trading.

Zoom video (ZM) – Deutsche Bank began reporting the company’s video messaging platform with a “hold” rating based primarily on its valuation after its stock rose in 2020. Deutsche Bank is optimistic over the long term based on the growth drivers, scale and value of Zoom calls “best-in-class” products.

SMC Leisure Completes Acquisition of Spectrum Leisure LLC

SAN FRANCISCO, CA / ACCESSWIRE / March 23, 2021 / SMC Entertainment, Inc. (“SMC” or the “Company”) (OTC PINK: SMCE), a provider of products and services to the entertainment industry, digital communications and content distribution solutions, is pleased to announce that the program has been completed was a 100% acquisition of Spectrum Entertainment, LLC (“Spectrum”) based in Michigan for equity. This acquisition significantly strengthens SMC’s sales and balance sheet and will be reflected in SMC’s financial statements for the second quarter of 2021.

Spectrum specializes in rides, games, food and fun for the whole family. Spectrum has been in operation for over 25 years. Revenue for the 2018 and 2019 fiscal years was $ 597,153 and $ 618,204, respectively. Spectrum saw a significant drop in sales in fiscal 2020 due to the pandemic, but expects revenue to recover in fiscal 2021 as the economy opens up and market conditions improve. At the end of fiscal 2020, Spectrum’s net worth was $ 1,569,000. All figures are unaudited.

With the 2021 season opening in just a few weeks, SMC and Spectrum have already closed new events and markets that could potentially increase sales by up to 40%. SMC intends to invest additional capital to increase Spectrum’s market share and add new games and rides.

SMC will use the Spectrum acquisition as a launch pad for additional acquisitions in the family-run and event-based fragmented market and consolidate them under the SMC brand. At the very least, such acquisition opportunities should require adequate valuation, well-established markets, proven revenue, and minimal working capital.

Under the Acquisition Agreement: (a) SMC will issue 40,000,000 restricted common shares to Spectrum’s stakeholders, (b) SMC will extend the management arrangements to the Spectrum management team to continue the day-to-day operations of Spectrum, and (c) SMC will assume institutional and personal short and long term debt. All shares are issued pursuant to Rule 144 of the Securities and Exchange Commission and issued out of the Treasury of SMC.

The story goes on

About Spectrum Entertainment LLC

Spectrum Entertainment LLC has provided rides, games, food and fun for all the family for over 25 years through its marketing brand Spectrum Carnival Midway. More information is available at www.spectrumcarnival.com.

About SMC Entertainment, Inc.

SMC Entertainment, Inc. is a provider of products and services to the entertainment industry, digital communications and media content marketplaces. Our multidisciplinary sales approach forms a building block for increasing sales growth through acquisitions. More information is available at www.smceinc.com.

Press contact:

Ron Hughes, COO
SMC Entertainment, Inc.
Ron.Hughes.operations@gmail.com

Safe Harbor Statement

This press release contains statements that may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. These statements contain statements regarding the intent, belief, or current expectations of the company, its members of management, and assumptions on which such statements are based. Potential investors are cautioned that such forward-looking statements are no guarantee of future performance and involve risks and uncertainties, and that actual results may differ materially from those anticipated in these forward-looking statements.

SOURCE: SMC Entertainment, Inc.

View source version on accesswire.com:
https://www.accesswire.com/636851/SMC-Entertainment-Completes-Acquisition-of-Spectrum-Entertainment-LLC

Shift4 Funds Declares Acquisition of VenueNext to Energy Sports activities Stadiums, Leisure Venues and Theme Parks

ALLENTOWN, Pa .– () – Shift4 Payments (NYSE: FOUR), a leading provider of integrated payment processing solutions, today announced the acquisition of VenueNext, a leading provider of mobile commerce, point-of-sale and loyalty solutions for next-generation venues. This acquisition enhances Shift4’s presence and capabilities in a number of large and growing industries such as stadiums and arenas, while also significantly expanding the company’s overall addressable market through access to entertainment, universities, theme parks, airports and other industries.

VenueNext is used by teams in all major professional sports leagues, as well as colleges and other business areas such as amusement parks and corporate premises, all of whom now have access to the combined offering of Shift4. The company’s product suite includes mobile ordering, full venue point of sale software, branded mobile applications (turnkey white label apps for teams / venues) and a mobile wallet / loyalty engine. This first-class mobile technology offers added value for the entire Shift4 ecosystem.

With this acquisition, Shift4 is the only vertically integrated provider supporting all aspects of in-venue commerce, including software (mobile & POS), transaction gateway and payment processing functions. This one-stop-shop solution provides venues with a compelling value proposition by reducing costs and complexity, much like Shift4’s end-to-end offering in other industries.

“At Shift4, we are about eliminating complexity and reducing costs for the most demanding trading environments. We have followed the same successful vertically integrated strategy that served us incredibly well in the hospitality and restaurant industries, taking it to e-commerce with Shift4Shop and now to sports stadiums, entertainment venues and theme parks with this exciting acquisition, ”said Jared Isaacman , Shift4 Payments CEO. “We couldn’t be more excited to welcome VenueNext to the Shift4 organization. We love their focus on the “Fan & Patron Experience” and make trading easier and more enjoyable. Not only do we want to jointly pursue new opportunities, but also immediately offer Shift4’s end-to-end payment solution to VenueNext’s extensive existing customer portfolio, which spans almost all categories of large venues across the country and internationally. ”

For more information on this acquisition, see the VenueNext Acquisition Overview presentation at https://investors.shift4.com/events-and-presentations.

Via Shift4 payments

Shift4 Payments (NYSE: FOUR) is a leading provider of integrated payment processing and technology solutions, offering a complete omnichannel ecosystem that goes beyond payments and encompasses a wide range of services that enable commerce. The company’s technologies support over 350 software providers in a wide variety of industries including hospitality, retail, F&B, e-commerce, accommodation, gaming, and many more. With over 7,000 sales partners, the company securely processed more than $ 200 billion in payments for over 200,000 companies in 2019. For more information, see shift4.com.

About VenueNext

VenueNext is a next generation point of sale company that is transforming the way consumers shop, buy, and pay for. The product ecosystem combines physical and digital solutions to create a smooth shopping experience. It offers products such as point of sale solutions, online ordering, branded apps and branded payments. VenueNext’s powerful platform makes trading easy for consumers – and easy for brands to incentivize and reward their most valuable customers for their loyalty. VenueNext started with Levi’s® Stadium and the San Francisco 49ers in 2014 and has since driven the smooth trading of mobile devices in arenas and stadiums, theme parks, universities, corporate cafes and theaters.

Esports Leisure Group Completes Acquisition of EGL » TalkEsport

United States, January 22, 2021: Esports Entertainment Group, Inc. (NasdaqCM: GMBL, GMBLW) (or the “Company”), a provider of esports entertainment and online gaming, announced today that it has completed its acquisition of Esports Gaming League (“EGL”).

“EGL is a great addition to our growing business and strengthens our ability to execute our three-pillar strategy,” commented Grant Johnson, CEO of Esports Entertainment Group. “EGL technology underpins esports programs for some of the world’s most famous sports franchises, including the LA Kings, Philadelphia Eagles, and Arsenal Football Club. We plan to build on this strong foundation in the future and drive short-term sales growth and long-term improvement in shareholder value. “

“As part of the Esports Entertainment Group family, we now have the opportunity to leverage our technology and resources to grow our customer list,” added Glen Elliott, CEO of EGL. “We have been impressed with Grant’s leadership and vision and are excited to become an integral part of Esports Entertainment Group’s drive to become an industry leader.”

EGL is a B2B-centric provider of live and online events and tournaments, where players can participate and enjoy a variety of content related to esports and video games on a proprietary technology platform with over 350,000 registered players. Services include turnkey esports events, live broadcasts, game launches, and online branded tournaments.

Tencent Music Leisure Group Proclaims Acquisition of Lazy Audio | Information

Shenzhen, China, January 15, 2021 / PRNewswire / – Tencent Music entertainment group (“Tencent Music, “” TME “or” Company “) (NYSE: TME), the leading innovative online music entertainment platform in Chinaannounced today that there is a definitive agreement to acquire 100% of the shares in Shenzhen Lanren Online Technology Co, Ltd. (“Lazy Audio”, “Lanren Tingshu”), an established audio platform in Chinafor an overall view of 2.7 billion RMBThis will be paid primarily in cash, plus certain post-purchase equity settled rewards to Lazy Audio’s management team. Existing Lazy Audio shareholders include China Literature Limited (“China Literature” stock code: 00772.HK), the Lazy Audio management team, and other financial investors. The transaction is expected to close in the first half of 2021 under customary closing conditions.

Established in 2012, Lazy Audio is a comprehensive audio platform that provides entertainment to customers in the form of audiobooks, Chinese comedy, podcasts, and other radio broadcasts. Monetization is done through a variety of channels including pay per title, subscription pay for content, and advertising. Lazy Audio has grown into a thriving community with strong user interactions and engagement, providing superior content and services to audio users in all areas China. Lazy Audio has a highly scalable user base, making it one of the leading audio platforms in China.

“We are very excited to welcome the talented Lazy Audio team to the TME family and expect this strategic acquisition to significantly enhance our presence in Germany’s fast-growing long-form audio industry China“said Mr. Cussion Pang, CEO of Tencent Music. “As a leading provider of audio entertainment, Lazy Audio can be seamlessly integrated into our existing long-form audio strategy, further monetizing the extensive library of high quality literature IPs that we can access through strategic partnerships with China Literature and China Literature others can. “

“The Lazy Audio catalog will expand our audio content library and its recording capacity will greatly increase our audiobook production. We believe this partnership will help us address the increasingly diverse needs of our customers and build our brand awareness in this segment. Generate You will benefit from significant operational synergies and accelerate our path to becoming a leading audio entertainment platform in China“Added Mr. Pang.

Mr. Bin Song, founder and chief executive officer of Lazy Audio, said, “We share the same vision with TME as this one China The audio industry is a less permeated area with great potential. By merging with TME we can strengthen our competitiveness and create a stronger connection with TME Tencent Portfolio and take lazy audio to the next level. “

Lazy Audio continues to operate independently while being an integral part of TME’s overall long-form audio strategy. Upon completion of the acquisition, TME will consolidate its investment in Lazy Audio and allow Lazy Audio full access to TME’s expertise, leading technology and strong advertising capabilities.

over Tencent Music entertainment

Tencent Music Entertainment Group (NYSE: TME) is the leading online music entertainment platform in Chinaand operates the country’s popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. Tencent Music’s mission is to use technology to empower music in people’s lives by allowing them to create, enjoy, share and interact with music. Tencent The music platform includes online music, online karaoke and music-oriented live streaming services that music fans can use to discover, hear, sing, watch, perform and socialize music. For more information, please visit ir.tencentmusic.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made in accordance with the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties and a number of factors could cause actual results to differ materially from those contained in any forward-looking statements. In some instances, forward-looking statements may be identified by words or expressions such as “may,” “will,” “expect,” “anticipate,” “aim,” “aim,” “estimate,” “intend”. Plan, “believe,” “potential,” “continue,” “is / are likely” or other similar expressions. For more information about these and other risks, uncertainties or factors, see the company’s filings with the SEC. All Information contained in this press release is as of the date of this press release and the company undertakes no obligation to update this information unless required by applicable law.

Investor Relations contact
Tencent Music entertainment group
ir@tencentmusic.com
+86 (755) 8601-3388 ext. 883606