Esports tournament organiser ESL Gaming has shared details of its upcoming women’s CS:GO circuit, which has been named ESL Impact. ESL Impact will have two league seasons with live finals, a standalone event, and online cash cups for all-women teams. The combined prize pool for ESL Impact will be $500,000 (~£377,000). RELATED: ESL announces women’s […]
Although it’s only the very beginning of 2021, there have already been some game-changing mergers and acquisitions that have occurred. From ESL and FACEIT’s merger to Microsoft’s purchase of Activision Blizzard, the year has already provided some unpredictable moments within esports and gaming. Esports Insider has compiled a list of the top January investment stories. […]
One week ago, competing tournament organisers ESL and FACEIT unified in a $1.5bn merger and acquisition deal that shocked the industry. It was by far the biggest acquisition in esports since… well, the week before, when Microsoft bought Activision Blizzard for $68.7bn (~£50.5bn). Savvy Gaming Group, an investment group launched by the Saudi Arabian government’s […]
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.
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 […]
