{"id":19243,"date":"2019-10-10T14:29:11","date_gmt":"2019-10-10T18:29:11","guid":{"rendered":"https:\/\/capital10x.com\/old\/?p=19243"},"modified":"2019-10-10T14:29:11","modified_gmt":"2019-10-10T18:29:11","slug":"millennial-mllf-letsgoracing-acquisition","status":"publish","type":"post","link":"https:\/\/capital10x.com\/old\/millennial-mllf-letsgoracing-acquisition\/","title":{"rendered":"Millennial Esports Acquiring Majority Stake In LetsGoRacing"},"content":{"rendered":"<p><span data-contrast=\"auto\">Shifting gears strongly towards the racing side of the eSports industry,\u00a0<\/span><b><span data-contrast=\"auto\">Millennial Esports [stock_market_widget type=\"inline\" template=\"generic\" color=\"default\" assets=\"MLLLF\" markup=\"(OTCMCKTS: {symbol} {currency_symbol}{price} ({change_pct}))\" api=\"yf\"] [stock_market_widget type=\"inline\" template=\"generic\" color=\"default\" assets=\"GAME.V\" markup=\"(TSXV: {symbol} {currency_symbol}{price} ({change_pct}))\" api=\"yf\"]\u00a0<\/span><\/b><span data-contrast=\"auto\">just entered a binding letter of intent to acquire a majority stake in a UK-based YouTube motorsports channel.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">LetsGoRacing<\/span><span data-contrast=\"auto\"> covers a variety of real life and digital racing events and topics, from news to highlight reels to top 5 listicle content.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The channel boasts 40 million views in its six years of existence, with 1.6\u00a0million\u00a0of those coming from a recent highlights reel covering the\u00a0Worlds\u00a0Fastest Gamer competition.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The cash and stock deal\u00a0is\u00a0expected to close by the end of the month, and will see Millennial paying out\u00a0\u00a3315,000 GBP directly while also issuing \u00a3136,000 GBP worth of common shares if it overcomes all regulatory hurdles.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">LetsGoRacing<\/span><span data-contrast=\"auto\"> Channel co-founder Andrew Hill commented on the acquisition deal this morning:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\"><div class=\"su-quote su-quote-style-default\"><div class=\"su-quote-inner su-u-clearfix su-u-trim\"> We\u2019ve seen a massive amount of interest from our subscriber base in eSports content \u2013 particularly from the motorsports genre. By joining forces with Millennial, we\u2019ll take that to a new level with more content, live streams, and great storytelling. We\u2019ll continue to show live motorsport, but we\u2019re very excited about the opportunities to do the same for eSports racing as well.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"> <\/div><\/div><\/span><\/p>\n<p><span data-contrast=\"auto\">This is Millennial\u2019s second major racing-based acquisition announced in recent weeks, with the company paying out\u00a0\u00a360,000 GBP in stock and \u00a3140,000 GBP in cash to\u00a0<\/span><a href=\"https:\/\/capital10x.com\/old\/millennial-esports-game-driverdb-acquisition\/\"><span data-contrast=\"none\">acquire a controlling stake in DriverDB.com<\/span><\/a><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">As part of the company\u2019s ongoing re-branding as a racing-focused eSports entity, Millennial recently held a meeting asking shareholders to approve a name change to\u00a0Torque Esports Corp, in addition to seeking approval for share consolidation.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Millennial is also currently involved with a new eSports racing arena being constructed in Miami that will serve as a dual usage location for training and hosting live events.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"> That is expected to be the first in a series of training facilities around the country as eSports continue to see a rise in popularity.<\/span><\/p>\n<p><span data-contrast=\"auto\">In other eSports racing events news, 20-year-old\u00a0Lohan &#8220;LDLC_NEXL&#8221; Blanc took home his second WRC eSports World Championship this month when the series finished off the Wales Rally GB grand finale last weekend. After being crowned champion, Blanc was awarded a\u00a0Hyundai i20 as his grand prize.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cash and stock deal sees Millennial ESports (TSXV: GAME.V) acquiring 51% of London-based motorsports YouTube channel LetsGoRacing.<\/p>\n","protected":false},"author":12,"featured_media":18443,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1112],"tags":[],"class_list":{"0":"post-19243","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Millennial Esports Acquiring Majority Stake In LetsGoRacing | Capital 10X<\/title>\n<meta name=\"description\" content=\"The cash and stock deal sees Millennial ESports (TSXV: GAME.V) acquiring 51% of London-based motorsports YouTube channel LetsGoRacing.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/capital10x.com\/old\/millennial-mllf-letsgoracing-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Millennial Esports Acquiring Majority Stake In LetsGoRacing | Capital 10X\" \/>\n<meta property=\"og:description\" content=\"The cash and stock deal sees Millennial ESports (TSXV: GAME.V) acquiring 51% of London-based motorsports YouTube channel LetsGoRacing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/capital10x.com\/old\/millennial-mllf-letsgoracing-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"Capital 10X\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Capital10x\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/ty.g.arthur\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-10T18:29:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/09\/tch-esports-04.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1069\" \/>\n\t<meta property=\"og:image:height\" content=\"713\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ty Arthur\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/www.twitter.com\/xfiruath\" \/>\n<meta name=\"twitter:site\" content=\"@capital10x\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ty Arthur\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/capital10x.com\/old\/millennial-mllf-letsgoracing-acquisition\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/capital10x.com\/old\/millennial-mllf-letsgoracing-acquisition\/\"},\"author\":{\"name\":\"Ty Arthur\",\"@id\":\"https:\/\/capital10x.com\/old\/#\/schema\/person\/e08cc8e839eb0ae694dfc344d894ec55\"},\"headline\":\"Millennial Esports Acquiring Majority Stake In LetsGoRacing\",\"datePublished\":\"2019-10-10T18:29:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/capital10x.com\/old\/millennial-mllf-letsgoracing-acquisition\/\"},\"wordCount\":395,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/capital10x.com\/old\/#organization\"},\"image\":{\"@id\":\"https:\/\/capital10x.com\/old\/millennial-mllf-letsgoracing-acquisition\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/09\/tch-esports-04.jpg\",\"articleSection\":[\"Health &amp; 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