Furthermore CEO Sundance DiGiovanni has been effectivly removed and replaced with former CEO Greg Chisolm. Now this was done without a majority of shareholders agreeing to it. Now the speculation is that tremendous debt is the reason for the sale and that this will leave the stockholders with little to nothing. I spoke to a stockholder who wanted to remain anonymous but said they got robbed in this deal and it totally blindsided them.
So for years MLG is now left with an uncertain future after hosting numerous tournaments of Call of Duty, Halo, and Starcraft. But with other rivals hosting tournaments and failed ventures such as the building of an arena it would seem all the signs on MLG’s failing were there. It is worth noting Activision has yet to confirm the sale has taken place. As this story gets updated we will update as well.
Updated January 4th:
Activision has now confirmed the sale is the first step of their new epsorts division. Activision Blizzard CEO Bobby Kotick has said.
“Our acquisition of Major League Gaming’s business furthers our plans to create the ESPN of esports,” Kotick says. “MLG’s ability to create premium content, its proven broadcast technology platform – including its live streaming capabilities – strengthens our strategic position in competitive gaming. MLG has an incredibly strong and seasoned team and a thriving community.”
They have said they are attempting to bring more to the brand in hopes of expanding it and will continue to work with outside groups to continue to develop MLG
“The individual groups inside of Activision Publishing and Blizzard Entertainment who operate the franchise and their eSports activities are going to continue to do that,” Sepso explains. “Our job is to build eSports globally into an enormous, mainstream sport, and to be the lead media network in that industry.”
There you have it folks MLG will survive on and hopefully be a bigger player for the future.
-Jason The X
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