Does Activision Blizzard see the business world as one big garage sale from which to cherry-pick deals? It certainly seems so, as the company has snapped up another acquisition for its portfolio: much of the assets of Major League Gaming.
Major League Gaming was an e-sports company, and we say “was” because it recently went out of business. MLG’s board of directors voted on December 21st to sell a large portion of its assets to Activision Blizzard for $46 million. The e-sports company’s CEO was also replaced by its former CFO.
A company that used to run several high-profile e-sports tournaments across North America, Major League Gaming apparently fell onto hard times as it faltered in competition to the ESL. MLG used to handle tournaments for games such as Call of Duty, Counter-Strike, and StarCraft 2.