Esports were delivered a smashing blow as Major League Gaming crashed and burned. It went out of business last year and its assets were sold to mega publisher Activision Blizzard for $46 million.
This is a big shake up for the biggest company in the esports game, as the CEO has been replaced by the former CFO as well as this sale being without many stockholder’s consent. The fears coming from MLG stockholders is that the $46 million will go to covering MLG’s debt instead of covering outstanding shares.
We don’t know what this means for esports in the long run but we can only hope Activision Blizzard keeps MLG alive.
What do you geeks think? Hit them comments up!