- Color Star Technology Co Ltd CSCW subsidiary, Color China, agreed to acquire Wuhan Chujing Esports Culture Communication Co., Ltd. for undisclosed financial terms.
- The two companies will collaborate in developing a global esports pan-entertainment sector combining their respective industry advantages.
- Chujing Esports integrates new platforms, traffic, culture and creativity, and ideas related to esports concepts.
- Color Star held $0.99 million in cash and equivalents as of June 30.
- Price Action: CSCW shares traded lower by 1.47% at $0.87 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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