ESL Gaming bought for $1 billion to Savvy Gaming Group

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Fashionable Occasions Group has reportedly bought ESL Gaming, its esports group, to Savvy Gaming Group for $1 billion, in response to the German information web site Handelsblatt. ESL Gaming operates a number of the largest esports tournaments on this planet, most notably ESL One.

Savvy Gaming Group is backed by the Saudi Arabian authorities’s Public Wealth Fund. The identical fund lately bought the Newcastle United soccer membership.

ESL Gaming fashioned in 2020 from the merger of ESL and Dreamhack, each of which had been owned by MTG on the time. Craig Levine and Ralf Reichert, co-CEOs of ESL, grew to become co-CEOs of ESL Gaming. Each had been main occasion operators within the area.

Different main esports match organizers embody Main League Gaming, Gfinity, and Blast Premier. Nonetheless, none are as huge as ESL Gaming, particularly as soon as the aforementioned merger befell.

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