Advance Publications Acquires Majority Stake in Analytics Firm Newzoo

Advance Publications will make a “significant capital investment” in Newzoo. Newzoo will use the investment to expand its global presence. Newzoo’s market intelligence covers the gaming and esports industries and reports on a wide range of topics. American media company … Read More

Read more

Tencent to Invest $317.6M in Bilibili Shares, Expands Overwatch League Influence

Tencent will purchase more than 25M shares in Bilibili for a total investment of $317.6M The Chinese tech giant will own roughly 12.3% of Bilibili’s total issued shares. Bilibili owns both a professional League of Legends team and one of … Read More

Read more

September Esports Investment Recap: Over $100M Invested, 8 Teams Join the Overwatch League

As the third quarter of 2018 draws to a close, September brought yet another month with more than $100M in disclosed investment funds added to the esports industry. However, the undisclosed financing last month likely dwarfs that number. Caffeine Gets … Read More

Read more