Published by
Inven Global
Inven Global
It was impossible to miss the news as it broke this week, as the biggest single name in esports events was sold for a staggering $1B. The Savvy Gaming Group, based in Riyadh, Saudi Arabia, have purchased ESL, the premier tournament organizer in the esports space for that astronomical amount, as well as paying $500m for Faceit to complete their set of new toys. Sports, and now esports being for sale is a tale as old as time, but the numbers have gone through the roof in recent times when it comes to gaming. Be it Activision’s sale, Forbes valuation of esports orgs or contracts for streamers, th…