The Agreement: Pursuant to the terms of the Transaction, BLOC will issue 330,519,541 common shares in the capital of the Company at a deemed price of $0.15 per share in exchange for all of the issued and outstanding X2 Games Shares, for an aggregate purchase price of $49,577,931.15. All intellectual property rights to X2 Games' current game projects will become part of BLOC, including four digital interactive games for Amazon Alexa. One of these games, titled St. Noire, has a pre-release date set for Q1 2019, with three other Amazon Alexa games set to be launched in early 2019. A trailer of St. Noire can be seen at https://www.st-noire.com/amazon-alexa.
As a result of the acquisition by BLOC of X2 Games, a spinout entity will hold BLOC's exchange-related interests (the "Spinout"). Only BLOC's shareholders as of the record date of December 4, 2018, will be entitled to consideration as a result of the Spinout. These interests are as follows:
Read more at https://stockhouse.com/news/press-releases/2018/12/04/global-blockchain-and-x2-games-enter-into-acquisition-agreement#YMgiiPFEfjkeYIbY.99
It looks pretty clearly that Bloc acquired X2 via this agreement and X2 became part of the Global Gaming entity!
The spin out entity was the non game no assets, not X2 .