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 Nord CE6 now available for pre-order in the Philippines".
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Jun 12, 2026Savvy 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.
Our coverage of ESL Faceit Acquisition includes: "Savvy Gaming Group acquires ESL, FACEIT for USD 1 billion"; "OnePlus Nord CE6 now available for pre-order in the Philippines"; "Telegram launches new Wear OS app with full chat support". Each article provides unique insights and information.