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Immortals esports team raises money from an elite investment consortium

  • Posted byby Dean Takahashi
  • Updated
  • 3 min

A bunch of gaming, tech, media, and sports executives have banded together to acquire a respected esports team and rebrand it as the Immortals.

The team, formerly known as Team 8, will form and operate a number of professional gaming teams that will participate in esports events built around games such as League of Legends, Dota 2, and Counter-Strike. The esports market could grow from $200 million this year to $1 billion by 2018 and $1.8 billion by 2020, according to analyst Colin Sebastian of R.W. Baird. (Esports will be the subject of several panels at our GamesBeat 2015 event on Monday and Tuesday.)

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.