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Brian

Rumored End of MLG After Activision Blizzard Purchase

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If you're into e-sports then you've probably heard of MLG (Major League Gaming) as they were pretty big in the scene and held tournaments for StarCraft 2, Call of Duty and others. It turns out that MLG was running substantial debt and needed a way out and so on Dec. 21st, MLG's Board of Directors approved an Asset Purchase Agreement with Activision Blizzard for $46 million. 

 

Of course the stockholders had no idea this was happening and it seems most of them will be left with next to nothing after MLG's debts are paid off. Esports Observer spoke with one of the affected stockholders who said, "I got fucked on stock". In fact, it was only the next day after the purchase agreement that the stockholders were informed of the sale. 

 

Nobody knows what Activision Blizzard intends to do with this purchase since they are close with ESL so starting their own competing eSports tournament may not make much sense. 


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