The monthly eaction.tech evaluations of the biggest esports investment stories are here again and today we have the May 2024 biggest investment stories on our hands. Previous month witnessed significant industry changes from gaming giants like Team Liquid, FaZe Clan and Gen.G. So here are the major stories in investment for May 2024:esports investment
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“GameSquare Announces FaZe Media Launch with $11 Million Investment”
Esports holding firm GameSquare has said it has developed FaZe Media through which clans will create and develop intellectual property for FaZe Clan.
It additionally accompanies an $11m (~£8. 68m) raise from Matt Kalish, President and Co-founder of Draft kings, an online dream sports stage. For Kalish’s input, he will also join the board of FaZe Media which will be headed by Richard ‘FaZe Banks’ Bengston who is the founder of FaZe Clan as the CEO of the new firm.(esports investment)
The rationale behind this investment is concerned with the prospect to continue expanding FaZe’s brand influence. The organization is particularly described to have floated its shares in 2022 in the market but this did not yield many shareholders and was finally bought over by GameSquare.
“Team Liquid Dives into Mobile Legends Bang Bang with ECHO and AURA Acquisition”
Team Liquid, the international esports outfit, has made in-roads into Mobile Legends: Bang Bang (MLBB) having bought South-east Asia-based STUN.GG that also owns two other esports properties, AURA Esports and ECHO Esports. As a result of this acquisition, both AURA Esports and ECHO Esports will adopt new names such as Team Liquid ID and Team Liquid PH respectively with which they will participate in MPL as multilingual pro-gamers from different countries. This league functions on a franchisaised system and features the best teams in MLBB(ticket sale revenues amounted to about 7-8 million dollars last year with respect to MPL in indonesia).(esports investment)
“EYEBALLERS Ownership Group Bolstered by GeoGuessr Co-founders and NHL Player Adrian Kempe”
Mikael Falgard and Daniel Antell, the Co-Founders of the GeoGuessr, geography game together with NHL player Adrian Kempe and singer Victor Leksell has joined the ownership group for EYEBALLERS- a Swedish eSports Organization which was recently established. Advertisement These new partners are meant to make sure this institution is developed and established as a lifestyle brand in the future alongside enhancing its content creator roster. EYEBALLERS’ latest undisclosed investment round was when they introduced their fresh arrivals. EYEBALLERS had begun.(esports investment)
“Gen.G Strengthens Analytics Arsenal with YOUR.GG Acquisition”
Gen. , a Korean esports organisation has recently signed a deal to acquire League of Legends data analysis and networking platform known as YOUR. GG.
Therefore, Gen. G will provide YOUR to outfit its esports academy across the world. To facilitate the development of new strategies and analytical tools for GG’s expansion of its range. At the same time, offering analytics of professional players and academy learners, Gen. G is also aiming to promote development in esports.
The have not disclosed specific financial information on the acquisition.(esports investment)
“Apeks Implements Layoffs, Redirects Resources Towards VALORANT”
A Norwegian esports organisation Apeks revealed that it would stop its CS2 and Fortnite operations and concentrate on VALORANT to get out of its tight financial situation. An announcement posted on the company’s website informed about pending dismissals meant to cope with increased costs. However, strive as they might, Apeks wish to attract fresh investments for coming back to other disciplines, yet its upcoming prospects appear very gloomy.(esports investment)
“Overwatch Unveils Crowdfunding Bundle to Boost Prize Pool for OWCS Dallas Major”
In preparation for the upcoming OWCS Dallas Major in year 2024, the first international event for Overwatch Champions Series, the game’s developer Blizzard has offered a crowdfunding bundle in support of the Major and where the fund collected will be used for the prize pool.(esports investment)
Sharing its good news, Blizzard said that 25% of the revenue that the special product Azure Flame Hanzo OWCS Crowdfunding Bundle will generate will be invested into the major’s prize pool. While details relating to the geographical distribution of the event and what is otherwise not clearly stated about OWCS organizer ESL FACEIT Group or Blizzard’s involvement remain unknown, it is clear that the prize pool is crowdfunded.
“Dubai Investor Secures 8.28% Stake in Guild Esports Voting Shares”
Guild Esports, a British esports organisation, has revealed in a London stock exchange form that 66.7m shares have been acquired by an investor based in Dubai, representing 8.28% of the voting rights of the company. Mr Koshy Vinod bought these shares.The purchase has therefore made him the third biggest shareholder of Guild Esports according to a list of major stakeholders published on Guild’s website. On reaching out to Esports Insider through email Guild Esports made it clear that they sold the shares to him.(esports investment)
