April 15, 2024



Saudi Prince buys major esports company

January 25, 2022

The Saudi Arabian government’s controversial Public Investment Fund has reportedly spent over a billion dollars to purchase one of the oldest and biggest gaming companies, ESL, which is responsible for organizing some of the largest esports competitions in the world, and an additional half a billion to buy out the FACEIT esports tournament platform. 

The companies will reportedly be merged into one entity, ESL FACEIT Group, and combine their technology and reach to “create the ultimate platform for competitive gaming,” which will potentially cover any and all esports competitions, from the casual level to arena-sized events.

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