Greywood Investments, the largest shareholder of Canadian gaming and esports company Enthusiast Gaming, has publicly targeted the organisation’s leadership, urging its CEO Adrian Montgomery to step down. Greywood, which owns 9.3 percent of Enthusiast Gaming, created a website named ‘Upgrade EGLX’ to publish texts in which the shareholder expresses its discontent with the current Enthusiast […]
Game developer and esports company Riot Games has announced the broadening of its partnership with Statespace, the developer of aim training tool Aim Lab. As a part of the expansion, Riot Games will become a minority shareholder in Statespace. Aim Lab will also become the official training platform for Riot’s FPS title VALORANT. Image credit: […]
The Saudi Arabian government’s Public Investment Fund (PIF) has reportedly acquired a five percent stake in game developer and publisher Nintendo. The $500bn (~£403bn) fund said it purchased the stake for ‘investment purposes’, according to a filing to Japan’s Finance Ministry reported by Bloomberg. Nintendo’s headquarters in Kyoto, Japan. The PIF is Saudi Arabia’s sovereign […]
(ESI Illustration) Image credit: Fnatic / Su San Lee via Unsplash Gaming is an integral part of Japanese culture, with some of the biggest studios and well-loved franchises originating from the country. From Super Mario to Street Fighter, Japan is home to generation-defining games. When it comes to esports, the fighting game community (FGC) in […]
Ignite Tournaments, a play-to-earn esports tournament organiser, announced it has secured $10m (~£ 7.5m) in funding from investors which will be used to improve the company’s infrastructure and operations. Ignite Tournaments said it will “build the world’s first mobile play-to-earn esports tournament and streaming platform”. The complete investment consists of a $3m (~£2.3m) seed round […]
This article first appeared in The Esports Journal Edition 10 If a fresh high school graduate decides to pursue a career as an esports coach, at present, there seem to be two realistic pathways they can choose for a chance to land their dream position. If they pick the path of higher education, they admittedly […]
Although it’s only the very beginning of 2022, there have already been some game-changing mergers and acquisitions that have occurred. From ESL and FACEIT’s merger to Microsoft’s purchase of Activision Blizzard, the year has already provided some unpredictable moments within esports and gaming. Image credit: Esports Insider Esports Insider has compiled a list of the […]
Chinese tournament operator and esports company VSPN (Versus Programming Network Group) has filed for an IPO with the Hong Kong Stock Exchange. With the public offering, VSPN aims to focus on growing its infrastructure, expanding overseas and making improvements to its business model. The IPO includes Bank of America Securities, China International Capital and Credit […]
Esports and gaming coaching platform Metafy has raised $25m (~£18.5m) in a Series A funding round. The round was led by Tiger Global Management and Seven Seven Six ventures, the venture capital company founded by Reddit Co-founder Alexis Ohanian. Image credit: Metafy RELATED: Metafy announces acquisition of GamersRdy Metafy has stated that it will dedicate […]
One week ago, competing tournament organisers ESL and FACEIT unified in a $1.5bn merger and acquisition deal that shocked the industry. It was by far the biggest acquisition in esports since… well, the week before, when Microsoft bought Activision Blizzard for $68.7bn (~£50.5bn). Savvy Gaming Group, an investment group launched by the Saudi Arabian government’s […]