esports: Savvy Gaming, linked to Saudi fund PIF, acquires ESL Gaming (€927m) and FACEIT

News Tank Football - Paris - News #240378 - Published on 26/01/22 at 09:40
©  MTG
ESL FACEIT Group - ©  MTG

Savvy Gaming Group (SGG), an entity founded and controlled by Saudi Arabia's sovereign wealth fund (Public Investment Fund/PIF), has acquired ESL Gaming, an esports event organiser, from Modern Times Group (MTG), announced the Swedish media group on 24/01/2022. The acquisition values ESL Gaming at $1.050bn (€927m).

"SGG is simultaneously...

©  MTG
ESL FACEIT Group - ©  MTG

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