The shock merger of ESL and FACEIT, funded by the Savvy Gaming Group, a subsidiary of the Saudi government's Public Investment Fund, has caused a firestorm across the industry.

​​​​​​​The shock sale to the Saudi firm is set to change the landscape of esports – in what way is still up in the air.

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Saudi Arabia's Public Investment Fund has purchased and merged two major esports companies.

Savvy Gaming Group, which is backed by the Saudi Arabian Public Investment Fund (PIF), has added ESL and FACEIT to…

The post ESL, FACEIT Acquired by Saudi-back Savvy Gaming Group for $1.5bn appeared first on Esports News Network | ESTNN.

Savvy Gaming Group, backed by the Saudi Arabian government’s Public Investment Fund, has acquired two of the biggest names in the world of esports tournament operators – ESL and FACEIT, for a combined sum of $1.5 Billion. The company aims to merge the two giants to create a new global leader in competitive gaming – […]

The post Savvy Gaming Acquires ESL Gaming From MTG At 1 Billion USD to merge With FACEIT appeared first on TalkEsport.

ESL Gaming and FACEIT, two of esports’ biggest tournament organisers, have announced a merger set to be finalised in Q2 of 2022. It comes shortly after German business newspaper Handelsblatt reported the two companies had been purchased by Saudi Arabian government-backed Savvy Gaming Group for a combined $1.5bn (~£1.1bn). According to the official website of […]

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Former Red Bull executive Daniel Sanders has announced his departure from the company to become Tencent Games’ Senior Global Marketing Lead. According to Sanders’ LinkedIn post, he will oversee esports marketing at Tencent to help ‘take the scene to new heights’. RELATED: Olympic Council of Asia partners with Tencent to promote esports in Asia Sanders started […]

CSGO Matchmaking may have its flaws but it is still the Go-to game mode for most players. If you are a casual player, it is likely that you prefer CSGO MM games, instead of third party matchmaking services like FACEIT, ESEA, GamersClub and 5E Arena. These services are good in a lot of ways, CSGO […]

The post CSGO Rank Distribution 2022 Explained appeared first on TalkEsport.

Esports tournament platform and tournament organiser FACEIT has announced a partnership with internet security company Kaspersky for Russian and German markets. As a result of the agreement, individuals that buy Kaspersky’s Internet Security with Gaming Mode will be able to choose between FACEIT premium subscriptions or points, dependant on the market.  RELATED: Fnatic unveils global […]

A Swedish court has convicted Flusha of tax evasion and imposed a fine in addition to community service. The CS:GO player denies any malicious intent.

CS:GO and VALORANT tournament organizer, B-site has announced the return of FLASHPOINT with Season 2 in November. Twelve teams will compete in the online tournament for a share of the $1 million prize pool.