Media Fortune Fame & Folly

Online chess sold

Canadian video and esport company Enthusiast Gaming has bought the online chess community GameKnot, which offers news, strategy, connection and online competition to chess players. GameKnot was founded in 2000, has free and subscription offers and claims 35m monthly page views. The acquisition supports Enthusiast Gaming’s strategy of building gaming communities. The deal is worth $2.75m with $1.5m in cash and the remainder in equity and earnout. 

Enthusiast Gaming