Advance Publications, the owner of Wired and Vanity Fair and other publications, has acquired The Esports Observer, a provider of esports business news and events.
Advance’s subsidiary, American City Business Journals, which publishes Sports Business Journal, had previously acquired a minority interest in The Esports Observer in 2017. The deal is one more move, like Advance’s investment in esports market researcher Newzoo, that shows older media companies are latching on to the opportunities around esports media.
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