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Major League Gaming Forced To Sell All Assets To Activision

N5F Jan 3, 2016

  1. N5F

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    Well, guess it's time to try some new ownership.​
    For a while there, it looked like Major League Gaming would be the dominating presence in the world of eSports. But after a series of financial issues, MLG - as we knew it - is no more.​
    Accoding to a new report, MLG has sold off its assets to mega game publisher Activision Blizzard; the MLG board of directors voted to approve the sale of $46 million on December 21. Stock holders could be out in the cold on this one, too, if the $46 million isn't enough to cover MLG's outstanding debts. There's no telling how the organization will carry on from here but with a new CEO and a powerful owner in Activision, perhaps eSports will be seeing that "MLG" logo for a while longer.​
    Not everyone is a fan of eSports; in the past, noted sports commentator Colin Cowherd insulted the concept several times, despite competitive gaming getting a foothold with certain audiences and demographics.​
     
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