Tencent-backed VSPN acquires Chinese esports production firm


Source: techinasia.com techinasia.com

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Versus Programming Network (VSPN), a Chinese esports total solutions provider, announced that it has completed the acquisition of esports production firm Banana Gaming & Media. Photo credit: VSPN After the acquisition, Banana Gaming & Media will operate as an independent subsidiary of the group. Meanwhile, its founder Wang Sicong will serve as the vice chairman of VSPN group’s strategy committee. Wang is the son of Chinese billionaire Wang Jianlin, the founder of real estate developer Dalian Wanda Group. Banana Gaming & Media is one of China’s largest esports production companies. In 2018, it hosted the PUBG annual esports event PUBG...