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Savvy Gaming Group (SGG) a games and esports company that is fully owned by PIF, Saudi Arabia’s sovereign wealth fund, and was set up in 2021 has acquired the ESL and FACEIT group for USD 1 billion. This deal is expected to combine ESL'S expertise in building, broadcasting, and commercializing premium esports ecosystems, including arena and festival events, with FACEIT's development of tools for competitive games and the social network of competitive players. We are delighted to be working with ESL FACEIT Group – a deal that will enable us to actively support the creation of a world-class esports ecosystem. With our investment, ESL FACEIT Group will be able to accelerate their development of an unrivaled experience for players and fans," said Brian Ward, CEO of SGG. Read more in our articles including "Savvy Gaming Group acquires ESL, FACEIT for USD 1 billion" and "OnePlus Watch Lite now official".

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Frequently Asked Questions

What is ESL Faceit Acquisition?

Savvy Gaming Group (SGG) a games and esports company that is fully owned by PIF, Saudi Arabia’s sovereign wealth fund, and was set up in 2021 has acquired the ESL and FACEIT group for USD 1 billion. This deal is expected to combine ESL'S expertise in building, broadcasting, and commercializing premium esports ecosystems, including arena and festival events, with FACEIT's development of tools for competitive games and the social network of competitive players.

What have you covered about ESL Faceit Acquisition?

We are delighted to be working with ESL FACEIT Group – a deal that will enable us to actively support the creation of a world-class esports ecosystem. With our investment, ESL FACEIT Group will be able to accelerate their development of an unrivaled experience for players and fans," said Brian Ward, CEO of SGG.

Where can I find articles about ESL Faceit Acquisition?

Our coverage of ESL Faceit Acquisition includes: "Savvy Gaming Group acquires ESL, FACEIT for USD 1 billion"; "OnePlus Watch Lite now official"; "Redmi unveils Note 15 Pro and Note 15 Pro+". Each article provides unique insights and information.