Versus Programming Network (VSPN)Esports solutions providerhas announced the acquisition of Famulei, a Chinese livestream talent agency.
Chinese esports solutions company VSPN (Versus Programming Network) announced Monday that the company has acquired Chinese live streaming talent agency Famulei. The agency will operate as an independent brand under VSPN. The financial details of the purchase have not been revealed.
Famulei which is already into overseas partnership with T1, Team Liquid, Gen.C and Lee ‘Faker’ Sang-hyeok among others, covers the Esports, Entertainment, and Livestreaming sector through the operation of businesses in Talent Management, Marketing, Licensing, and E-commerce.
With this acquisition, VSPN plans to work along with Famulei to focus on influencer monetisation, its livestream talents, and esports content. In addition, VSPN has cited that the purchase continues towards the company’s goal of strengthening esports’ business model, generating market opportunities, and creating a sustainable esports ecosystem.
The purchase follows on from VSPN’s $60m (£43.89m) Series B+ funding round in January this year. The investment was expected to go towards ‘deepening the layout of esports IP trends and operations’, creating new esports products, and expanding the company’s overseas services, among others.
Earlier to this, the esports solutions provider VSPN also acquired Chinese production company Banana Gaming & Media. Over the last two years, VSPN has secured over $160m (£115.99m) in funding, with the likes of Tencent, Prospect Avenue Capital, and Tiantu Capital investing in the firm.