Jump to content

Rumored End of MLG After Activision Blizzard Purchase


Brian

Recommended Posts

  • Founder

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. 


View full article

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.