MSP Sports Capital completed the acquisition of a majority stake in X Games from ESPN.

MSP Sports Capital, a global private equity firm, completed the acquisition of a majority stake in X Games, an iconic sports and entertainment property, from ESPN, a multinational, multimedia sports entertainment brand. Financial terms were not disclosed. "We are bringing our deep-rooted sports expertise to continue the progression and excitement around athletes, competition, fans, and X Games partners," Jahm Najafi, MSP Sports Capital Founder and Chairman.