Another interesting acquisition news came from the gaming industry and it was announced that ESL was sold to a Saudi Arabian-backed company for 1 billion dollars.
While the effects of Microsoft’s acquisition of Activision Blizzard continued, another new and surprising acquisition news came from the gaming industry, although not at such a great cost. According to the statement, Savvy Gaming, which also has the support of the Saudi Arabian government, bought ESL for 1 billion dollars. Thus, ESL, one of the largest and oldest organizations in the esports world, has changed hands.
Saudi Arabian-backed company buys ESL for $1 billion
According to the published reports, Savvy Gaming, which operates as an esports investment company, also has another esports platform, FACEIT, with an allowance of 500 million dollars. he bought. With these acquisitions, it is thought that the Saudis will continue to invest in esports organizations after football. It has been stated that companies that do not have money problems in state-supported investment institutions can also make breakthroughs in different organizations and esports teams.
As you know, rich businessmen from Saudi Arabia have already bought many European football teams, especially England, which is the cradle of football. Although Chelsea was sold to a Russian businessman, many of the teams such as Newcastle United, Mansherter City were bought by state-backed companies such as Abu Dhani United Group.