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Category:
Business

FC Koeln and Daimler AG have acquired a stake in SK Gaming

ESforce sold its shares to the two companies.
Image of Adam Newell
Adam Newell
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Published: Jan 15, 2019 02:50 pm

This article is over 5 years old and may contain outdated information

ESforce, the esports holding company behind SK Gaming, has sold its 67 percent stake of SK Gaming to soccer team FC Koeln, and the company that owns Mercedes-Benz, Daimler AG.

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Esforce originally acquired the 67 percent stake in SK Gaming in 2016 but did not participate in direct management of the esports organization’s operations and sports activities.

“We are glad to have reached a deal with Daimler AG and FC Koeln.” SK Gaming said in its press release. “Such a major acquisition deal on the esports market is a showcase of not only our partners’ sincere motivation to contribute to development of global esports, but also SK Gaming’s remarkable performance throughout the years.”

The conclusion of the deal will allow ESforce to focus more on Virtus Pro, the organization said in the press release. The press release also stated that the deal could help SK branch out to new titles, but didn’t specify which ones. No financial terms of the deal have been released at this time.

SK Gaming currently competes in FIFA and Hearthstone and is set to rejoin the League of Legends scene on Jan. 19, when the team faces off against Fnatic in the opening game of the new franchised LEC league.

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Author
Image of Adam Newell
Adam Newell
Assigning Editor. In 2015, Adam graduated from the University of Aberystwyth with a bachelor's in Media and Communications. Working in the industry for over ten years. If it has anything to do with Nintendo and Pokémon chances are you will see me talking about it, covering, and likely not sleeping while playing it.
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