The eSports company, MLG, has recently been acquired by Activision Blizzard for a whopping $46 million. This is arguably a proper call for the gaming organization since much of the money is going towards MLG’s debt. In the past, MLG featured many eSports titles such as Call of Duty, StarCraft II, and League of Legends at MLG venues around metropolitan areas and major gaming hubs.
It is not clear what the future may hold for the company and its events. It is likely MLG will feature Blizzard-only titles considering the company has found great success with three of its IPs. Overwatch, still in beta, will likely be the biggest eSports event since it attracted many players during its closed beta phases in late 2015. We are still expecting to see Heroes of the Storm, Hearthstone, and Starcraft II to make the MLG circuit, but the future for games previously held on the circuit is cloudy.
New management structure is being implemented along with the acquisition. Former CFO, Greg Chisholm, will be taking over the lead, replacing Sundance DiGiovanni “without a stockholders’ meeting.”
That is all the details, so far, we have coming down the pipeline; stay tuned for more information as we update on Blizzard purchasing MLG.
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