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Major League Gaming Forced To Sell All Assets To Activision

Well, guess it's time to try some new ownership.

For a while there, it looked like Major League Gaming would be the dominating presence in the world of eSports. But after a series of financial issues, MLG - as we knew it - is no more.

Accoding to a new report, MLG has sold off its assets to mega game publisher Activision Blizzard; the MLG board of directors voted to approve the sale of $46 million on December 21. Stock holders could be out in the cold on this one, too, if the $46 million isn't enough to cover MLG's outstanding debts. There's no telling how the organization will carry on from here but with a new CEO and a powerful owner in Activision, perhaps eSports will be seeing that "MLG" logo for a while longer.

Not everyone is a fan of eSports; in the past, noted sports commentator Colin Cowherd insulted the concept several times, despite competitive gaming getting a foothold with certain audiences and demographics.

Tags: major league gaming, mlg sale, esports news

1/1/2016 10:51:31 AM Ben Dutka

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WorldEndsWithMe
Friday, January 01, 2016 @ 1:48:37 PM
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Activision? oh dear. Well if anyone can make money off it it's Mr. Hairpiece himself.

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BikerSaint
Friday, January 01, 2016 @ 5:27:29 PM
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That was probably ole gamer hateful "Howdy Doody's" plan all along.

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Godslim
Saturday, January 02, 2016 @ 11:32:19 AM
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Money time!

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