i3 Interactive to Acquire Majority Interest in LivePools

Vancouver, Canada-based i3 Interactive has entered into an agreement with Mumbaiꦜ-based LivePools Private Limited, whereby i3 Interactive shall acquire 51% of LivePools’ shareholding or the Majority interest for a total of $7.5 million. i3 Int꧂eractive will acquire the Majority interest over the course of four tranches.

Under the terms of the agreement signed between the two companies, the rest 49% of shareholding or the Minority interest of LivePools can also be acquired by i3 Interactive for🥃 another $7.5 million on or before February 1, 2022.

After the successful launch of BlitzPoker, the above agreement shows i3 Interactive’s commitment in India’s fast growing mobile gaming market to create a world-class ecosystem for gamers. i3 Interactive acquired FTR Poker’s 65% stake and relaunched it as BlitzPoker.

The Livepools and i3 deal will add fantasy sports, quiz games and rummy to the portfolio of i3 Interactive’s offerings. As per a in Street Insiꦦder, t🌄hey will soon offer esports and skill-based games, as well.

i3 Interactive is focussed on transforming online and mobile gaming with entertainment-based products for sports betting, poker, and casino players. They aim to acquire customers at ver𓆉y low prices compared to their competitors. The company is leveraging its partnership with well-known social media celebrity, businessman, and high-stakes poker player, Dan Bilzerian, who has over 50 million social media followers.

Livepools was launched in 2018 by Gaurav and Vickram Assomull. It is focussed on Fantasy sports, rummy a♓nd real money gaming space. The company has about 1.5 million users.