Allied esports entertainment board determines bally's corporation revised proposal is superior to element stock purchase agreement

Irvine, calif.--(business wire)--allied esports entertainment, inc. (nasdaq: aese) (the “company”), a global esports entertainment company, today announced that the company's board of directors, in consultation with its financial and legal advisors, has determined that a revised proposal from bally's corporation (“bally's”) constitutes a “superior proposal” under the company's pending stock purchase agreement with element partners, llc (“element”). under the terms of bally's revised proposal, b
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