ESL and FACEIT Acquired by Saudi Arabia’s Savvy Gaming Group.
The Modern Times Group has confirmed that it has sold Esport’s biggest organizer ESL to Saudi-based Savvy Gaming Group. Moreover, Savvy Gaming Group also acquired FACEIT, the deal means that now the biggest esports organizers have got new owners in Saudis.
These tournaments are pretty popular among the gaming communities associated with CSGO, DOTA2, and StarCraft. As for FACEIT, it is famous for its Esports Championship Series, it also hosted CSGO’s London Major in 2018.
As for the existing teams and leadership, sources claim that both FACEIT and ESL leadership will remain the same. Niccolo Maisto and Craig Levine will remain as co CEOs, while ESL’s Ralf Reichert will become exclusive chairman.
“By uniting these complementary capabilities, and with the backing of SGG, we are taking a long-term approach to develop a more robust platform to better support the future of the whole competitive gaming ecosystem and generate more value for all its stakeholders in a sustainable way,” Maisto shared his thoughts.
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