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Activision Blizzard buys Major League Gaming for $46 million

Written by Andre Yoskowitz (Google+) @ 03 Jan 2016 22:13

Activision Blizzard buys Major League Gaming for $46 million Major League Gaming, on the verge of bankuptcy, has sold its assets to gaming giant Activision Blizzard.
In addition to the sale, the esports company has also removed CEO Sundance DiGiovanni from his role and replaced him with former CFO Greg Chisholm.

The move is somewhat of a surprise, given that the company raised $6 million just this year in new funding. Many investors will leave with nothing.

MLG had run esports tournaments in past years for notable titles like COD and StarCraft 2, but recently lost the Call of Duty World League to rival ESL.

Source:
ESO

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