“Activision Blizzard assumes e-sport federation large parts of Major League Gaming ‘

Jan

2

2016

Activision Blizzard seems to almost all parts of the e-sports organization Major League Gaming have taken over too. What wants to achieve the gaming studio exactly with the acquisition is not known. Major League Gaming will probably use the money to pay off debts.

The acquisition was announced not great, but from a letter has gone to shareholders appears that Activision Blizzard amount of $ 46 million, representing about 42 million, has been paid. The letter came into the hands of Esports Observer. In exchange for the amount of money seems Activision Blizzard nearly all components of Major League Gaming have taken, with the exception of the subsidiary Agora Games and a few remaining issues necessary for the survival of the business, such as bank accounts.

The letter reveals that Major League Gaming will use the amount of money largely to pay off debts. The acquisition is likely that Major League Gaming will cease most of its activities. However, the company remains so still survive, though the name is changed to MLG Legacy Holdings, likely to serve as a holding company for claims of shareholders. As part of the deal is CEO Sundance DiGiovanni left, and he will be replaced by Greg Chisholm.

The organization is facing financial problems and saw his influence in the market for online gaming tournaments decline in recent times. Initially organized by Major League Gaming tournaments like the Call of Duty Championship, but lost those rights last year to another party. However, the company had plans to open a gaming arena next year in China, but it is likely that this does not continue.

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In: Technology & Gadgets Asked By: [15758 Red Star Level]

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