Versus Programming Network (VSPN), a Chinese esports total solutions provider, announced that it has completed the acquisition of esports production firm Banana Gaming & Media. Photo credit: VSPN After the acquisition, Banana Gaming & Media will operate as an independent subsidiary of the group. […] Founded in 2016, VSPN focuses its business on esports in terms of organizing, content production and distribution, commercialization, and developing offline venues. With the acquisition, the Shanghai-based startup will continue to build its esports ecosystem and further strengthen its global reach. […] The global esports revenue is expected to reach US$1.5 billion by 2023, increasing from US$776.4 million in 2018 at a compound annual growth rate of 14.9%.
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