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Egyptian Esports platform GBarena acquires Tunisian gaming startup Galactech

Egyptian Esports platform GBarena acquires Tunisian gaming startup Galactech

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Egyptian e-sports platform GBarena announced on Monday that it has acquired the Tunisian gaming startup, Galactech. The acquisition, according to Forbes Middle East, is a share swap deal worth around $15 million.

Egyptian e-sports platform GBarena has acquired Tunisian gaming start-up Galactech in a share swap deal worth around $15m. GBarena, which has a valuation of $45m, boasts over 650,000 users across 27 countries and aims to be the leading e-sports aggregator in the Middle East and North Africa region. The acquisition is expected to help GBarena gain ground in Riyadh, Dubai and Tunisia, while Galactech will be able to tap into GBarena's established user base and resources to strengthen its presence in the region.


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