#EVO acquisition

Sony Interactive Entertainment (SIE) and new esports venture RTS have jointly acquired the Evolution Championship Series (Evo). SIE has teamed up with RTS to acquire the assets and properties of Evo through a joint venture partnership. Through the new partnership, Tony and Tom Cannon, co-founders of Evo, will remain closely involved as key advisors to ensure that Evo continues to service the fighting game community and support its vibrant growth. As per SIE, the collaboration will drive Evo even further as the premier fighting game tournament and foster the competitive gaming community's continued growth across all platforms. "Fighting games have been a vital part of PlayStation’s legacy and our community since the very beginning, and we’ve been thrilled to partner with Evo over the years," said Steven Roberts, VP, Global Competitive Gaming, SIE. Moreover, SIE has also announced that Evo is returning this year as Evo Online, a fully online competition to occur from August 6 to 8 and 13 to 15. With the acquisition, Evo will be operated by the recently formed joint venture between SIE and RTS. Meanwhile, transaction terms, including the joint venture's acquisition cost and ownership split, were not disclosed due to contractual commitments. Read more in our articles including "SIE, RTS acquire Evo, launches Evo Online" and "HTC Evo 3D Review".