Deals
Milken-Backed Immortals Makes Esports’ First $100 Million Deal
- They acquired Infinite Esports from Texas Rangers co-owners
- The resulting company becomes competitor in four major esports
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Immortals Gaming Club, an esports business backed by Meg Whitman and the family of Michael Milken among others, acquired Infinite Esports from two of the owners of the Texas Rangers baseball team, marking what the buyers said is the industry’s first $100 million deal.
The transaction merges Los Angeles-based Immortals, best known for its Valiant team in the Overwatch League, with the parent of OpTic Gaming, one of the more prominent teams in the League of Legends Championship Series. Its fans are known as the Greenwall.