Last month saw a multitude of esports mergers and acquisitions, both from endemic and non-endemic entities. In addition, esports entities such as Freaks 4U Gaming, FaZe Clan and Edge Gaming were strengthened through investments.
Esports Insider has compiled a list of August 2021’s key investment stories. To read more about a story below, click the link in the corresponding title.
Sports betting service provider Kambi Group has announced the acquisition of esports data and technology company Abios for SEK150m (~£12.57m) in cash.
In addition, up to SEK120m (~£10.05m) will be paid in earnouts related to product development and Abios’s ‘future revenge performances’. As a result, the acquisition could eventually total SEK270m (~£22.63m).