There are a number of companies which may be of interest among investors this morning and one of those is the Valiant Eagle (OTCMKTS:PSRU) stock, which had been in the news yesterday following a major announcement.
Valiant Eagle Inc. (OTC:PSRU) Signs Letter Of Intent With British Columbia Company Previously Traded On TSX Venture Exchange
The company announced yesterday that it had signed a letter of intent pertaining to the sale of its subsidiary units VE Gaming LLC and Providence Film Group. The agreement had been reached with a big ticket British Columbia based corporation which is involved currently in the fast growing virtual reality industry. The move was a strategic one from Valiant Eagle since it is going to allow the company to turn into the majority controlling stakeholder in the company that had been trading on the TSX Venture Exchange.
Over the course of the past years the gaming industry has managed to become a high growth space with profitability and virtual reality has been one of the major pillars of that growth. The merged entity is expected to become one of the leading players in the virtual reality space considering the fact that it has already created relationships with some of the bigger players like Hasbro and Disney.