Special purpose acquisition company Barington/Hilco has announced a merger with social media and software development company Oomba, which will soon operate as Oomba Gameworks following an asset purchase agreement with Gameworks Entertainment.
Oomba operates a cloud-based tournament management system that allows users to organise sports and games.
GameWorks' venues provide an entertainment and gaming experience with a roster of attractions that include arcade games, bowling, billiards, laser tag and virtual reality.
"After evaluating several different potential acquisition targets, we feel that Oomba and its growth prospects through the acquisition of GameWorks will provide tremendous value to our shareholders," said Jeffrey Nuechterlein, chairman of Barington/Hilco Acquisition Corp.
"Oomba GameWorks is uniquely positioned to offer an enriched entertainment and dining experience with an emphasis on creating a stadium-like atmosphere for the burgeoning e-sports industry.”