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.

@anthony256
Published Sat, Jan 2 2016 2:24 AM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

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 the majority of eSports giant Major League Gaming | TweakTown.com

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 SOURCE:engadget.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

Related Tags

Newsletter Subscription

Latest News

View More News

Latest Reviews

View More Reviews

Latest Articles

View More Articles