May 19, 2024

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Major esports host ESL Gaming is now owned by Saudi Arabia

3 min read
Major esports host ESL Gaming is now owned by Saudi Arabia

Pending regulatory approval, a keeping company owned by Saudi Arabia’s Community Expense Fund has acquired esports function organizer ESL Gaming and tournament platform FACEIT. In accordance to Sporting activities Organization Journal, the value for both of those providers was $1.5 billion. As aspect of the acquisition, the two providers will merge into the ESL FACEIT Group, and approach to combine their technologies and know-how to “produce the top system for aggressive gaming.”

ESL is headquartered in Cologne, Germany, and hosts main CS:GO, Dota 2, and other esports tournaments, as well as the Dreamhack LAN occasions pursuing a 2020 merger. FACEIT is a aggressive gaming platform that gives anti-cheat, matchmaking, and tournament arranging for gamers and game publishers. Subsequent the merger, ESL CEO Craig Levine and FACEIT CEO Niccolo Maisto will co-guide the new organization.

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