Major League Gaming now owned by Activision Blizzard

In what is either an end of the year miracle for fans for Major League Gaming or a sudden New Year surprise for some stockholders, Major League Gaming’s Board of Directors approved an Asset Purchase Agreement with Activision Blizzard. $46 Million has changed hands between the companies. In addition, CEO Sundance DiGiovanni has been replaced by MLG’s former CFO Greg Chisholm.

Major League Gaming has had some rough times this year with some financial dealings with the US Government in April and November of last year. This has likely led to the sale to Activision Blizzard who naturally have quite a few interests in the eSports world now. eSports Observer has an excerpt of the letter to stockholders informing them of the sale as seen below.

Major League Gaming Letter

What does this mean for the pro eSports scene in America? How will it affect that Call of Duty partnership with ESL Gaming? How will this all ultimately play out? We’ll have to wait and see.

Source: eSports Observer

Notation: It is the first day of the New Year and we are not specialists in SEC Filings. If you find any information in this post to be incorrect or misleading, please contact us so we may correct it.

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About Jonathan Doyle

Once long ago Westwood made a space game. Earth And Beyond was the start of the journey. From there, through Paragon City and to the fields of Altdorf, there were battles. Westwood brought me to MMOs. City of Heroes refined my love for them. Warhammer brought me to writing about them. He loves all things space, sci fi, Warhammer or heroic.