As the esports industry continues to grow, so does the interest in owning a piece of the pie. Celebrities and venture capitalists are investing millions of pounds, companies are merging together to consolidate, and acquisitions are becoming pretty common, too.
To make things easier, Esports Insider has brought together the major investments, mergers, and acquisitions of January 2020.
Betfred co-founder backs esports publication GGIntel
Fred Done, co-founder of bookmaker Betfred, invested in Manchester-based esports publication GGIntel.
Financial details of Done’s investment have not been disclosed at the time of writing.
Read the full article here.
Midnite raises over $2.5 million in seed round
Esports betting platform Midnite announced the closure of its seed funding round that saw it raise over $2.5 million (£1.9 million).
The round was led by Makers Fund, a venture capital firm that focuses on the “global interactive entertainment industry.”
Read the full article here.
LGD Gaming and BGoose invest £8.8M to enter King Pro League
Chinese organisation LGD Gaming and esports agency BGoose Culture purchased a franchise spot in Honor of Kings’ professional league King Pro League (KPL).
After LGD Gaming and BGoose Culture acquired a roster from Team Hope, they spent 80 million RMB (£8.8 million) to purchase the franchise spot in KPL and jointly form LGD.BGoose.
Read the full article here.
Allied Esports to receive $5M investment from Brookfield Property Partners
Esports entertainment company Allied Esports is set to receive a $5 million (£3.84 million) investment from real estate company Brookfield Property Partners.
The investment will assist Allied Esports in bringing its esports venue concept to malls and retail destinations.
Read the full article here.
New Wave Esports looks to acquire Activate Entertainment
Esports investment company New Wave Esports entered into a non-binding letter of intent with creative management and production services company Activate Entertainment.
The terms of the letter of intent would see New Wave Esports wholly acquire Activate Entertainment for membership units totaling $1,000,000 (£767,968).
Read the full article here.
Nordic Entertainment Group becomes joint owner of eSuperliga
Streaming company Nordic Entertainment Group has become a joint owner of Danish FIFA competition, eSuperliga, for an undisclosed fee.
It has also acquired the media rights to the tournament across the Nordic region, covering Denmark, Finland, Iceland, Norway, and Sweden.
Read the full article here.
Read the original post: Esports investments, mergers, and acquisitions in January 2020
