The ESL esports finals for Counter-Strike: Global Offensive in Katowice, Poland, in 2017.
The ESL esports finals for Counter-Strike: Global Offensive in Katowice, Poland, in 2017.
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ESL Gaming sold for $1 billion to Savvy Gaming Group

  • Posted byby Rachel Kaser
  • Updated
  • 1 min

Modern Times Group has reportedly sold ESL Gaming, its esports organization, to Savvy Gaming Group for $1 billion, according to the German news site Handelsblatt. ESL Gaming operates some of the biggest esports tournaments in the world, most notably ESL One.

Savvy Gaming Group is backed by the Saudi Arabian government’s Public Wealth Fund. The same fund recently purchased the Newcastle United football club.

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Written by

Rachel Kaser

Rachel Kaser is a gaming and technology writer for from Dallas, Texas. She's been in the games industry since 2013, writing for various publications, and currently covers news for GamesBeat. Her favorite game is Bayonetta.