Hello everyone! All eyes in the esports industry are on the monumental merger of ESL and FACEIT as part of a $1.5B USD sale to Savvy Gaming Group, a company backed by the Saudi Arabian government's Public Investment Fund. Though the added capital may be beneficial to the industry, many are concerned about Saudi Arabia's involvement, particularly given the country's human rights record.
AFK Weekly: Deciphering ESL FACEIT’s $1.5B Acquisition
AFK Weekly: Deciphering ESL FACEIT’s $1.5B…
AFK Weekly: Deciphering ESL FACEIT’s $1.5B Acquisition
Hello everyone! All eyes in the esports industry are on the monumental merger of ESL and FACEIT as part of a $1.5B USD sale to Savvy Gaming Group, a company backed by the Saudi Arabian government's Public Investment Fund. Though the added capital may be beneficial to the industry, many are concerned about Saudi Arabia's involvement, particularly given the country's human rights record.