Victory Square Technologies portfolio company V2 Games has acquired Techstars 2019 Alumnus GameOn in an all-stock transaction.
GameOn provides consumers, broadcasters, sportsbooks, venues and brand partners with interactive, social experiences around sports, television and live events.
GameOn has entered into a distribution partnership with Comcast to deliver the GameOn-branded sports prediction experience to homes and hospitality venues across the United States. Additionally, GameOn has secured a white label partnership with NBCUniversal to build their prediction products for programming including reality TV and sports.
‘This acquisition will enable V2 Games to grow by expanding its offerings, creating strategic relationships and new revenue streams in the marketplace,” said Shafin Diamond Tejani, Chief Executive Officer of Victory Square.
“GameOn’s outstanding team, technology and partners put our new company in an excellent position to capitalize on a booming gaming and sports betting market by offering unmatched products in the comfort of your own home.”
GameOn founder Matt Bailey will become V2 Games new CEO.
“I’m so excited to join the V2 family as its CEO. I can’t wait to work with the team to continue building amazing products for our fans and partners, and drive revenues to our bottom line. I look forward to developing our business globally and leading our team as we take V2 Games public in the fourth quarter of this year.”
V2 Games is a video and mobile game ventures firm focused on royalty investments in high-value gaming projects featuring globally-recognized intellectual properties. V2 Games previously developed the hit mobile game PAC-MAN Bounce, which was downloaded over 20 million times.