Business
Tova Venture's Target Company Enthusiast Gaming Acquires The Escapist
Toronto, Ontario--(Newsfile Corp. - July 31, 2018) - Tova Ventures II Inc. (TSXV: TOV.P) (" To...
About this update from Enthusiast Gaming Holdings Inc
[{"type":"text","content":"Tova Venture's Target Company Enthusiast Gaming Acquires The EscapistToronto, Ontario--(Newsfile Corp. - July 31, 2018) - Tova Ventures II Inc. (TSXV: TOV.P) (\"Tova\" or the \"Company\") and Enthusiast Gaming Media Inc., a wholly-owned subsidiary of Enthusiast Gaming Inc. (\"Enthusiast Gaming\") are pleased to announce the acquisition of the Escapist Magazine (\"Escapist\"). Founded in 2005, Escapist is a leading online magazine focused on in-depth coverage of the video game industry in addition to movies, comics, TV, and more. Averaging over 6 million monthly visits since 2008,1 the acquisition significantly grows Enthusiast Gaming's network and follows the successful acquisition of Destructoid.com in 2017, enhancing the Enthusiast Gaming's growth strategy as the fastest growing community of online gamers. One of Escapist's cornerstone's is its YouTube channel, host of the popular video game review series, Zero Punctuation, starring Ben \"Yahtzee\" Croshaw and a social media following of close to 2 million users. The acquisition also adds to the website monetization potential that powers Enthusiast Gaming's platforms and partners. Currently, Enthusiast Gaming is generating over one billion ad requests per week though Enthusiast Gaming Media and affiliated partners. \"The acquisition of the Escapist is instrumental as we continue to grow our network of gamers. The Escapist represents long form and intellectual content generation and will be another flagship platform in our network,\" commented, Menashe Kestenbaum, Founder & CEO of Enthusiast Gaming. \"We continue to pursue constructive conversations with potential acquisitions, which will enable us to execute on our growth strategy.\"About TovaTova was incorporated in 2017 under the name Tova Ventures II Inc. pursuant to the laws of Ontario. Tova is a capital pool company pursuant to the policies of the Exchange and its principal business has been to identify and evaluate businesses and assets with a view to completing a Qualifying Transaction. About Enthusiast GamingEnthusiast was incorporated in 2014 under the laws of the Province of Ontario. Enthusiast owns and operates an online network of websites devoted to video gaming and Canada's largest video-gaming expo. Between its online digital media properties, its network of partner websites, and video-gaming gamin...