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Activision Buys Major League Gaming for $46 Million

Accepted submission by takyon at 2016-01-04 00:19:32
Business

Engadget reports that a prominent "professional esports" league [wikipedia.org] has been bought by Activision Blizzard for $46 million [engadget.com]:

Call of Duty and Hearthstone studio Activision Blizzard has acquired a majority of Major League Gaming's assets in a $46 million deal that essentially dissolves the professional gaming organization, eSports Observer [esportsobserver.com] reports. MLG Co-Founder and CEO Sundance DiGiovanni [engadget.com] has left his role and is replaced by former CFO Greg Chisholm, the site says. Neither company has confirmed this report, though we've reached out to both and will update as we hear back.

MLG struck the deal without a stockholders' meeting and the sale has upset some investors, according to eSports Observer.

[...] MLG's relevance has waned in recent years and in October, it lost the hosting rights to the Call of Duty World League's Pro Division to the ESL. Sepso himself joined Activision that same month as Senior Vice President of its new eSports division, overseeing pro franchises including StarCraft, World of Warcraft, Call of Duty, Heroes of the Storm and Hearthstone.

$46 million buys a lot of dank [strike]weed[/strike] memes xDDdddDdddddd #getnoscoped (has science gone too far?)


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