Activision Blizzard to Buy Major League Gaming
January 04 2016 - 6:22PM
Dow Jones News
By Ezequiel Minaya
Activision Blizzard Inc. said Monday that it has agreed to buy
Major League Gaming as the videogame giant continues to pursue a
foothold in fast-growing business of competitive videogames, or
so-called e-sports.
"Our acquisition of Major League Gaming's business furthers our
plans to create the ESPN of e-sports," said Bobby Kotick, CEO of
Activision.
Details of the transaction weren't released.
Last year, Activision launched a new division dedicated to
e-sports that sits alongside the company's two publishing units,
Blizzard Entertainment and Activision Publishing.
Activision hired Steve Bornstein, an executive formerly with
ESPN and the National Football League, to help its e-sports
efforts. Major League Gaming's co-founder Mike Sepso also joined
Activision's new division.
Based in New York, Major League Gaming organized tournaments as
it sought to created a professional league for videogames. The
company stumbled in recent years, however, racking up debt.
Write to Ezequiel Minaya at ezequiel.minaya@wsj.com
(END) Dow Jones Newswires
January 04, 2016 18:07 ET (23:07 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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