Announced
Financials
Tags
Acquisition
Natural
Pending
esports
Entertainment
United States
Private
Single Bidder
Synopsis
Immortals Gaming Club has agreed to acquire Infinite Esports & Entertainment. The transaction, the largest change of control transaction in esports history, values Infinite at more than $100m in enterprise value. “Today, we announced a transformative transaction for our organization and a landmark transaction for our industry. Across our family of brands, OpTic; MIBR; LA Valiant; and Immortals, IGC’s total audience size is nearly three times larger than our nearest competitors. At the same time, our multi-brand strategy enables us to tailor content, messaging, voice, and experience for distinct communities and audience segments, driving deeper engagement and affinity. Armed with these brands, the best fans in esports, the legacy and tradition of great teams and players, and a newly reinforced and strong balance sheet, IGC is positioned to be a market leader and model organization.” Ari Segal, IGC’s Chief Executive Officer. “
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