PIF-backed Savvy Gaming acquires ESL Gaming in $1.05bn deal

Savvy Gaming Group, a gaming and esports company owned by Saudi Arabia’s Public Investment Fund, has agreed a deal to acquire ESL Gaming from Sweden-based Modern Times Group in an all-cash transaction giving ESL Gaming an enterprise value of $1.05bn (€929.5m).

Subscribe to unlock this article

Explore our subscription options to continue reading our industry-leading content!

Already have an account? Sign in here