Deals
Activision Acquires E-Sports Event Pioneer Major League Gaming
- Trade report cited signs of financial struggle at the company
- Professional and amateur game tournaments will be featured
Big Year for M&A: Activision Buys Major League Gaming
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Activision Blizzard Inc. is buying e-sports pioneer Major League Gaming, deepening its commitment to the business of producing live video-game competition.
As part of the deal, Activision is acquiring MLG.tv, an online network for professional tournaments, and GameBattles, a site for amateurs. Terms weren’t disclosed, according to a statement Monday. ESports Observer put the price at $46 million in a Dec. 30 report and cited signs Major League Gaming was struggling financially.