Last month witnessed a flurry of activity in the world of esports investments, making it one of the most significant periods in the last two years. Major developments included Microsoft and Activision Blizzard’s long-awaited merger, Astralis’ departure from the LEC, and FaZe Clan gaining new ownership. These stories, however, only scratch the surface of the busy month that was October 2023. Read on for an overview of the most impactful esports investment news from that month.
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Spotlighted story: Microsoft’s Activision Blizzard acquisition
After more than a year since its initial announcement, the merger between Microsoft and Activision Blizzard was finally completed on October 13th. As stated in an official filing by Activision Blizzard, the company is now a subsidiary of Microsoft, bringing an end to the long and complex acquisition process. To fully understand the significance of Microsoft’s acquisition and the 19-month journey it took to reach this point, we have put together a recap for you.
PUBG Mobile’s creator-focused investment plan
PUBG Mobile has launched a $100 million creator investment plan with the aim of rewarding its players. Known as the Wonder Creators Network, this investment program is dedicated to supporting the game’s co-creation ecosystem over the next three years. The funds will be used to sponsor competitions, provide new opportunities, and offer incentives to PUBG Mobile creators. With a strong emphasis on collaboration with artists through initiatives like the Ptopia Design Project (PDP) and the recently introduced World of Wonder (WOW) mode, PUBG Mobile is determined to empower its creative community.
Karmine Corp enters the LEC
French esports organization Karmine Corp is set to join the LEC, the League of Legends’ franchised competition for Europe, the Middle East, and Africa, in 2024. This move comes after Karmine Corp acquired a majority stake in the slot previously owned by Danish organization Astralis. The acquisition was made through the purchase of 66.67% of a newly formed subsidiary called AK-Game SAS for DKK 129 million. As a result, Astralis will retain a minority stake in the League of Legends franchise slot.
GameSquare acquires FaZe Clan
North American esports and entertainment company GameSquare has agreed to acquire popular gaming, lifestyle, and esports organization FaZe Clan in an all-stock transaction. The deal is expected to be finalized in the fourth quarter of 2023, with the founders of FaZe Clan returning to lead the brand in the future. Both GameSquare and FaZe Clan are publicly traded on the NASDAQ stock exchange. FaZe Clan initially made headlines in July 2022 when it went public, but its stock subsequently experienced a significant decline.
Guild Esports secures investment from unnamed brand
UK-based esports organization Guild Esports has entered into a subscription letter with an undisclosed esports brand, allowing them to subscribe for up to 200 million new shares and raising up to £1 million in the process. The funds will be used for growth and expansion, particularly in the MENA region. Although the name of the new investor has not been revealed, Guild Esports has described it as an international esports, content creation, and media brand.
Staffordshire University invests in esports facilities
Staffordshire University in England has announced plans to invest £2.9 million in expanding its esports department. The funds will be used to build an esports arena and a dedicated esports studio with broadcast galleries. The university, located in Stoke-on-Trent, was the first in the UK to offer a dedicated esports degree.
Into The Breach acquires ownership in The Goose House
British esports organization Into The Breach (ITB) has acquired part-ownership in grassroots esports organization The Goose House. The financial terms of the deal and ITB’s exact ownership stake have not been disclosed. The acquisition follows a scandal involving allegations of sexual misconduct against a former co-owner of The Goose House.
Editor Notes: A Look at the Esports Investment Landscape
The recent surge in esports investments highlights the growing interest and potential within the industry. With major players like Microsoft, Activision Blizzard, and GameSquare making significant moves, it is clear that esports is no longer just a niche market. These investments not only provide financial support to esports organizations but also show confidence in the future of competitive gaming.
As the esports industry continues to grow, it presents numerous opportunities for investors, businesses, and individuals alike. From game developers to content creators, there are countless ways to get involved and contribute to the thriving esports ecosystem. By staying informed and keeping an eye on the latest investment news, you can position yourself to take advantage of these opportunities.
To stay up to date with the latest news and developments in the world of esports investments, be sure to visit VR Game News. As the leading source of information for all things virtual reality gaming, VR Game News offers timely and in-depth coverage of the esports industry. Whether you are a player, investor, or simply a fan, VR Game News is your go-to resource for all things VR gaming.
So, don’t miss out on the exciting world of esports investments. Visit VR Game News today and join the ever-expanding community of virtual reality gamers.
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