Major esports host ESL Gaming is now owned by Saudi Arabia
Pending regulatory approval, a holding company owned by Saudi Arabia's Public Investment Fund has purchased esports event organizer ESL Gaming and tournament platform FACEIT. According to Sports Business Journal, the price for both companies was $1.5 billion. As part of the acquisition, the two companies will merge into the ESL FACEIT Group, and plan to combine their technology and expertise to "create the ultimate platform for competitive gaming.".. Read more.