Activision Blizzard buysout MLG at $46 million

Activision Blizzard, famous for wildly popular gaming titles such as Call of Duty and World of Warcraft had acquired a majority of Major League Gaming (MLG).

It was reported that the professional gaming organization was essentially dissolved in the $46 million deal.

MLG Co-Founder and CEO Sundance DiGiovanni allegedly left his role to be replaced by former CFO Greg Chisholm, but neither companies had confirmed this report at present.

Also, the deal without a stockholders’ meeting and the sale has reportedly upset some investors.

DiGiovanni and Mike Sepso founded MLG in 2002, and throughout the years it’s regularly hosted professional gaming tournaments, broken into the streaming business, and helped made eSports mainstream.

In 2014, MLG opened the United States’ first professional gaming arena in Ohio. It planned to open another eSports arena in China by 2017.

However, MLG’s relevance and fortune has waned in recent years.

In October last year, it lost the hosting rights to the Call of Duty World League’s Pro Division to the ESL.

Sepso himself joined Activision that same month as Senior Vice President of its new eSports division. He is now supervising pro franchises including StarCraft, World of Warcraft, and Call of Duty.

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