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 Gameguru Mania News - Jan,03 2016 -  
Major League Gaming Sold To Activision Blizzard - briefly
(hx) 06:10 PM CET - Jan,03 2016 - Post a comment
Major League Gaming has sold "substantially all" of its assets to Activision Blizzard for the price of $46 million, effectively bringing about an end to the esports company as it was once known. That's according to a report from eSports Observer, which says MLG called a special meeting on December 21 where the company's board of directors authorized a sale to the Call of Duty and World of Warcraft company. eSports Observer also reports that MLG's current CEO Sundance DiGiovanni has been removed from the CEO position and been replaced by Greg Chisholm, former CFO of Major League Gaming. MLG has had a rough time recently. 2015 was actually their first year they returned a profit, but the company has been in debt for quite a well. This deal reportedly pays off MLG's debt and liquidates the company into Activision Blizzard. It is not clear exactly what will happen to Major League Gaming as an entity going forward; eSports Observer claims that this is the end of MLG, but that has not been confirmed.
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