Mobile Global Esports Inc., the mobile esports and social platform company, announced that the company has executed a letter of intent (LOI) to acquire, implement and relaunch the social challenge and betting platform and technology developed by Nils Lahr and OrionsWave.

Nils Lahr is an American entrepreneur, inventor and computer scientist known for his work in the streaming media industry. He has shaped ideas on advanced digital media applications for both broadcast and movies. He also co-founded the Windows Media division at Microsoft and won an Emmy award in 2005 for "Streaming Media Architecture".

Nils’ protocol development provided streaming expertise for James Cameron’s "Return to the Titanic" project. He worked with the Olympics to enable them to stream the Beijing Olympics and provided the US Olympic Basketball team with tools to analyse their competitors using video statistics.

“This letter of intent heralds an important development for MOGO as we continue to assemble the team and underlying technologies for expanding the capabilities and offerings of our esports social media platform,” said Mobile Global Esports chief executive officer (CEO) Dave Pross.

“The opportunity to work with Nils and acquire rights to his proven gaming, challenge and social betting IP is an exciting development for MOGO and we look forward to consummating this deal,” he added.

Terms of the LOI were not disclosed.