Intema Solutions to acquire Loot.Bet owner
| By Nosa Omoigui
Esports provider Intema Solutions (Intema) has signed a letter of intent to acquire Livestream Gaming, owner of esports betting platform Loot.Bet.
![Itema Solutions sign letter of intent to acquire Livestream Gaming](https://igamingbusiness.com/img-srv/ZUyU1tYWnWmZZ9WKB8CmzbXJtl8XcIEI7GSbIW0P3Lg/resizing_type:auto/width:0/height:0/gravity:sm/enlarge:1/ext:webp/strip_metadata:1/quality:90/bG9jYWw6Ly8vaWdhbWluZ2J1c2luZXNzLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAyMC8wOS9EZWFsM182LmpwZw.webp)
The proposed deal will cost Intema $14.75m; $8m in cash, $4m issued by a secure vendor, and $2.75m in a share issue floated on the TSX Venture Exchange.
A further $3m will be paid if Livestream hits certain revenue targets after the closing date, consisting of $7.5m worth of revenue in the first 12 months and $11.25m after 24 months.