Sources: MTG has made an offer to buy ESLav
Breakit.se reports that the media groupp MTG has made an offer to buy Turtle Entertainment. If the purchase goes through it will most likely a deal in the hundreds of millions of dollars.
– We never comment on that type of information, MTG tells Breakit.se.
According to a report from Breakit.se the media group MTG has made an offer to buy the esport-company Turtle Entertainment. Turtle Entertainment owns of the esport giant Electronic Sports League, ESL, that on Tuesday published their latest project, the worlds biggest CS-league.
ESL with their 5 million users are over sixteen times larger than their competitors at Gfinity. Gfinity are noted on the London stock exchange and are worth 250 million dollars. As of now, the turn-over from ESL have not yet been disclosed, but the comparison gives a clear hint of what the company might be worth. The deal will most likely be in the hundreds of millions of dollars, according to Breakit.se. MTG themselves won’t comment the information.
– We never comment on this type of information, MTG tells Breakit.se.
Huge development for esports
The background of this offer is likely the huge development of esports. According to the analysis company Newzoo the esport viewership will grow from 205 million persons today – to 335 million persons the year of 2017. Newzoo predicts that the global esport market will be worth over one billion dollars within a couple of years.
Breakit.se’s sources have no information regarding the size of MTG’s offer.