As 2020 drew to a close, we took a look back at the esports industry’s investments in December. The Esports Observer tracked 16 investments raised by esports-relevant companies during December.
After esports investments slowed down significantly around April due to the economic uncertainty brought on by the global COVID-19 pandemic, the latter half of the year saw increased esports investment activity. This trend continued throughout December, which was one of the highest in esports investment activity in 2020.
In addition to several acquisitions, such as Nenking Group’s acquisition of League of Legends Pro League (LPL) franchise eStar Gaming and Tencent’s acquisition of game developer-focused holding Leyou Technologies, Discord raised its second $100M USD financing round of the year. At the same time, Electronic Arts outbid Take-Two Interactive’s offer to acquire racing game developer and publisher Codemasters.
Disclosed investments during December amounted to $1.63B, bringing the total sum of disclosed investments in 2020 to $8.07B. Financial terms were not disclosed for any deals highlighted in this article.
EA Outbids Take-Two Trying to Acquire Codemasters
Nasdaq-listed game developer and publisher Electronic Arts (EA) reached an acquisition agreement with the board of directors of U.K.-based racing game developer and publisher Codemasters. With the agreement, EA trumps its also Nasdaq-traded competitor Take-Two Interactive Software, which previously came to an agreement with Codemasters on preliminary