Sunday, July 3, 2022
No Result
View All Result
Esports Grizzly
  • Home
  • College Esports
  • Industry
  • GamesUpdates!
    • Call of Duty
    • Counter Strike
      • CS:GO Betting Sites
    • DOTA 2
      • Dota 2 Betting Sites
    • FGC
    • Fortnite
    • League of Legends
      • League of Legends Betting Sites
    • Mobile Legends
    • Overwatch
    • PUBG
    • Rainbow Six Siege
    • Valorant
  • Esports Betting SitesNew
    • Bitcasino Esports Review | Evil Geniuses’ Home Esports Bookmaker
    • Sportsbet.io Esports Review
    • Cloudbet Esports Review | Is Cloudbet Legit?
    • Dogecoin Esports Betting Sites
    • Luckbox Review (2021) – Is Luckbox Esports Safe?
    • Betway Esports Review
    • GG.Bet Esports Review | League of Legends, Dota 2 and CS:GO
    • Rivalry Esports Review
    • Pinnacle Esports Review
  • Consoles
  • Streamers
  • Q&A
  • Blog
  • Opinion
  • Newsletter
Sunday, July 3, 2022
No Result
View All Result
Esports Grizzly
No Result
View All Result

savvy-gaming-group-buying-faceit-esl

Image credit: Savvy, ESL, Faceit

ESL and FACEIT to Merge after Buyout by Savvy Gaming Group

in Industry
January 25, 2022
  • Two of esports’ most distinguished organizations will merge
  • The organizations’ leadership and activities will remain largely unchanged
  • Executives say this will bring both organizations new opportunities and resources

In one of esports’ biggest deals, tournament organizers ESL and FACEIT will merge after being acquired by Savvy Gaming Group.

ESL and FACEIT Merge to Create Even More Opportunities

On Monday, January 24, Saudi-owned Savvy Gaming Group announced the purchase of esports organizer ESL for a reported sum of $1.08 billion. ESL will now merge with FACEIT, which was acquired separately for $500 million, according to Handelblatt, the German outlet that first reported on the deal.

ESL 🤝 FACEIT

Esports is about starting your own path, challenging your game, and becoming a world champion one day. This is at the core of what FACEIT and ESL have built independently; until now. We are teaming up.

Read about our shared vision here: https://t.co/ZAPdLr9AhZ pic.twitter.com/O9H34vh1fD

— ESL (@ESL) January 24, 2022

“SGG has committed to invest heavily in the games and esports industry and to materially strengthen the global games community,” said CEO of SGG Brian Ward. “We are delighted to be working with ESL FACEIT Group – a deal that will enable us to actively support the creation of a world-class esports ecosystem.”

Cologne-based ESL is one of the most established esports tournament organizers in the world, known for setting up events for games like StarCraft 2, Dota 2, and CS:GO. Not long ago, the organizer announced the creation of a woman-only CS:GO league set to debut in 2022.

Under SSG’s new ownership ESL will merge with FACEIT, which is famous for organizing both amateur and professional level tournaments. Some games they organize events for include CS:GO, League of Legends, and Rocket League.

What Awaits Both Organizations?

Following the acquisition, both companies will retain their leadership and overall structure. “Our brands (FACEIT, DreamHack, ESL, ESEA, and Badlion) will continue operating as before – each in its own style.

You can still grind on FACEIT and FPL, rank up on ESEA Leagues, watch great matches play out at IEM Katowice, and be part of the gaming community at DreamHack festivals,” wrote ESL and FACEIT in the merger’s official statement.

Craig Levine, the CEO of ESL, and Niccolo Maisto, the CEO of FACEIT, will become co-CEOs. Co-founder and current co-CEO of ESL Ralf Reichert will become the Executive Chairman, which is a non-operational role.

“In the past years, ESL and FACEIT had a significant positive impact for the growth of the esports industry, bringing a variety of propositions for players, teams, publishers, and developers,” said Maisto in a press release. He added that with the backing of SSG, the newly merged companies will take “a long-term approach to develop a more robust platform to better support the future of the whole competitive gaming ecosystem and generate more value for all its stakeholders in a sustainable way.”

Levine reaffirmed that the organization’s activities will remain unchanged. He added that the merger will grant them more knowledge and resources to continue on that mission.

Tags: ESLFaceitSavvy Gaming Group
Stefan VelikovbyStefan Velikov
Tags: ESLFaceitSavvy Gaming Group
Home » ESL and FACEIT to Merge after Buyout by Savvy Gaming Group
ShareShareTweetShareSend
league-of-legends-clash-between-champions
Blog

Betting on League of Legends: Top 5 Sites to Wager Using Bitcoin

by Papa Bear
March 1, 2022

Few games have captured the hearts of the wider audiences quite like Riot Games’ masterpiece League of Legends has. The...

Read more
overwatch-female-characters
Opinion

Women in Esports: How Esports Are Moving Towards a More Inclusive Future

by Angel Hristov
October 25, 2021

Gaming has long been regarded as something reserved for nerdy boys. As times change women join in on the fun...

Read more
v-bucks-currency-in-fortnite
Blog

Bitcoin Esports: Best Crypto Esports Betting Sites

by Alexander Todorov
January 23, 2022

Bitcoin esports betting is on the rise. The idea of placing wagers on your favorite esports teams is an experience...

Read more

Latest and Popular

Mesut Ozil with an esports shirt for his new team.
Industry

Arsenal Veteran Footballer Mesut Özil Might Move into Esports

by Stefan Velikov
June 21, 2022
The official featured logo for the Military Gaming League.
Industry

Generation Esports Acquires the Military Gaming League

by Stefan Velikov
May 23, 2022
100-thieves-facebook-cover
Industry

100 Thieves is Developing a Video Game

by Angel Hristov
May 23, 2022
ukraines-war-bloodied-flag
Industry

How Streamers and Esports Pros Are Helping Ukrainian Civilians

by Alexander Todorov
May 9, 2022

Next Post
sng-team-esports-twitter-cover

Team Singularity Launches a Second Iteration of Its Academy Program

eSports Grizzly Mobile Dark
eSports Grizzly Mobile Dark

Content Categories

  • Blog
  • Call of Duty
  • College Esports
  • Consoles
  • Cosplay
  • Counter Strike
  • DOTA 2
  • FGC
  • Fortnite
  • Gaming
  • Halo
  • Hearthstone
  • Industry
  • League of Legends
  • Mobile Legends
  • News
  • Opinion
  • Overwatch
  • Popular
  • PUBG
  • Q&A
  • Rainbow Six Siege
  • Rocket League
  • Streamers
  • Uncategorized
  • Valorant

Recent Posts

  • NaVi Dominates the BLAST Premier Spring Final 2022
  • Arsenal Veteran Footballer Mesut Özil Might Move into Esports
  • Blizzard Promises Consistent Content Updates and Battle Pass For Overwatch 2

About Esports Grizzly

We bring you the best Premium esports content from around the globe.

Our FREE weekly newsletter

Keep in the loop with our minimalist weekly newsletter. Subscribe today!

GET IN TOUCH

Esports Grizzly reports on the latest industry and gaming intelligence, Want to pitch in? Get in touch!

  • Home
  • About us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions
  • Contact

© 2021 Esports Grizzly - Your daily BITE of global esports

No Result
View All Result
  • Home
  • College Esports
  • Industry
  • Games
    • Call of Duty
    • Counter Strike
      • CS:GO Betting Sites
    • DOTA 2
      • Dota 2 Betting Sites
    • FGC
    • Fortnite
    • League of Legends
      • League of Legends Betting Sites
    • Mobile Legends
    • Overwatch
    • PUBG
    • Rainbow Six Siege
    • Valorant
  • Esports Betting Sites
    • Bitcasino Esports Review | Evil Geniuses’ Home Esports Bookmaker
    • Sportsbet.io Esports Review
    • Cloudbet Esports Review | Is Cloudbet Legit?
    • Dogecoin Esports Betting Sites
    • Luckbox Review (2021) – Is Luckbox Esports Safe?
    • Betway Esports Review
    • GG.Bet Esports Review | League of Legends, Dota 2 and CS:GO
    • Rivalry Esports Review
    • Pinnacle Esports Review
  • Consoles
  • Streamers
  • Q&A
  • Blog
  • Opinion
  • Newsletter

© 2021 Esports Grizzly - Your daily BITE of global esports

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.