Activision Blizzard acquires MLG for $46 million
Call of Duty and World of Warcraft company spends millions to buy eSports company's assets.
It seems like Activision Blizzard, home to games such as Call of Duty, World of Warcraft, and more recently Candy Crush, is getting serious about eSports.
MLG recently announced it has sold “substantially all” assets to Activision Blizzard for 46 million USD.
MLG, founded in 2002, is one of the oldest companies in what is still a relatively new field. In October, the Call of Duty World League's Pro Division left MLG for rival Electronic Sports League, ending an eight-year run with MLG. Last year MLG made several attempts to refinance more than $6 million in outstanding debt.