Merger Between RTE and Galaxy Racer Introduced

Newly Fashioned Entity to Undertake Celestial as its Rebranding

MSM Company Worldwide Restricted (“MSM” or the “Firm”) is delighted to unveil the completion of the acquisition by its wholly-owned subsidiary, Riva Know-how and Leisure Restricted (RTE), of all excellent securities in Galaxy Racer Holdings Restricted (GXR), a formidable participant in eSports, content material creation, music, and sports activities (the “Transaction”).

This strategic union marks a pivotal step for each firms as they search to mix their strengths and assets to drive the success of Celestial, a newly included holding firm with an bold initiative geared toward establishing a dominant media and sports activities conglomerate, initially targeted on the MENA area and Indian sub-continent.

Based by Paul Roy in 2019, GXR has emerged as a cross-media enterprise, boasting a powerful presence throughout North America, MENA, Southeast Asia, South Asia, and Europe. Notably, GXR lately unveiled a groundbreaking three way partnership with LaLiga, set to revolutionize the sports activities media rights trade inside the MENA area and Indian sub-continent.

Beneath the phrases of the Transaction, RTE will purchase the remaining securities of GXR that it doesn’t already personal, consolidating their experience and assets to unlock untapped synergies, increase gross sales, and improve viewers engagement, with a selected emphasis on the burgeoning younger shopper market within the MENA area and Indian sub-continent, Gulfnews.com says.

To gas additional development and growth, the newly enlarged MSM/RTE group of firms plans to provoke a considerable fundraising spherical to draw international traders who acknowledge the immense potential inside the gaming, sports activities and creator economic system sectors. Whereas MSM actively contemplates a possible itemizing on a acknowledged securities change, it is very important notice that this intention stays topic to varied exterior elements past the Firm’s management.

Antoine Massad, MSM Chairman, highlights the importance of this merger, stating, “This transaction marks a momentous milestone in our journey. Collectively, we’re constructing a closed-loop ecosystem that encompasses gaming, IP, shopper product growth, licensing, sports activities collectibles, sports activities content material and distribution, eSports, and the creator economic system. This strategic transfer completely aligns with our Celestial funding technique, positioning ourselves to capitalize on the exceptional development projected in gaming and eSports throughout the MENA area and Indian sub-continent. We’re excited to faucet into the immense potential of those areas and actively contribute to their thriving gaming trade.”

Paul Roy, Founder and CEO of GXR and Founder, Managing Director and CEO of MSM/RTE, shares his insights for the merger, stating, “We’re happy to announce the transaction, a major landmark second ensuing from meticulous planning and strategic efforts. The mix of GXR’s product and companies fueled by an enormous viewers alongside RTE’s portfolio of profitable firms that share the identical imaginative and prescient and values is a mixture that has already confirmed profitable.
As Celestial takes form, each firms are primed to leverage their collective strengths, capitalize on rising alternatives, and form the way forward for the media and sports activities trade. The rebranded holding firm shall set its sights on spearheading innovation, partaking audiences, and leaving an indelible mark on the quickly evolving panorama.”


Posted

in

by