Tech content trusted by users in North America and around the world
7,296 Reviews & Articles | 53,223 News Posts

Activision buys the majority of eSports giant Major League Gaming

Activision boosts its eSports power by acquiring the majority of Major League Gaming's assets
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Jan 2, 2016 8:24 am

It was only back in October 2015 that Activision announced its new eSports division led by the founder of Major League Gaming and the former CEO of ESPN - but now, the company responsible for the Call of Duty franchise has secured the majority of MLG's assets.

 

activision-buys-majority-esports-giant-major-league-gaming_02

 

Activision paid $46 million in the deal, which "essentially dissolves the professional gaming organisation", reports Engadget. MLG secured the deal without a stockholders meeting, with the sale rustling some investors' feathers. MLG co-founder and CEO Sundance DiGiovanni has abandoned his role, replaced by former CFO Greg Chisholm.

 

Back in 2002, both DiGiovanni and Mike Sepso founded MLG, hosting professional gaming tournaments, entered the streaming business and delivered eSports to television, and made it mainstream. MLG opened up the first United States professional gaming arena in Ohio, with another planned to open in China by 2017.

NEWS SOURCES:Engadget.com

Related Tags

Got an opinion on this news? Post a comment below!
Subscribe to our Newsletter

Latest News Posts

View More News Posts
View Our Latest Videos

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
loading