ESL and FACEIT platform sold to Savvy Gaming Group
Author: Hawk Live LLC
Last updated:
Savvy Gaming Group, which is backed by the Saudi Arabian government's Public Investment Fund, bought the ESL tournament operator and FACEIT platform. The total amount of the deal was $1.5 billion.
ESL hosts large-scale tournaments for games like Counter-Strike: Global Offensive and Dota 2. FACEIT, privately owned, also operates tourneys in the CS:GO space, and also has done tournaments for games like Ubisoft's Rainbow Six Siege.
ESL CEO Craig Levine said:
Our mission remains unchanged: to create a world where everybody can be somebody. Our merger with FACEIT, along with the backing of SGG, will give us more know-how, capabilities, and resources than ever before to deliver on this vision. Whether you are competing or watching, doing so socially or at a professional level, every stage of the pathway will be improved through this merger. For gamers, publishers, and partners, this is a hugely exciting proposition, to be able to take everyone on the journey from your first step into competition to playing on the biggest esports stages globally.
Brian Ward, CEO of SGG said:
SGG has committed to invest heavily in the games and esports industry and to materially strengthen the global games community. We are delighted to be working with ESL FACEIT Group – a deal that will enable us to actively support the creation of a world-class esports ecosystem. With our investment, ESL FACEIT Group will be able to accelerate their development of an unrivaled experience for players and fans
