Esports investment report: over $4bn committed in March 2021 – Esports Insider

Esports investment report: over $4bn committed in March 2021 – Esports Insider

esports investment

According to Esports Insider’s calculations, around $4.06bn (~£2.9bn) of disclosed investment relating to esports was committed in March 2021. The majority of that money — an estimated $4bn — was used by Nuverse to acquire Moonton, the game developer behind Mobile Legends: Bang Bang — one of the hottest esports titles in the world

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ByteDance acquires Moonton for around $4bn

M2 World Championship 2021
Credit: Moonton

Chinese technology company and TikTok owner ByteDance has acquired Mobile Legends: Bang Bang developer and publisher Moonton.

The acquisition, which is believed to be valued to be around $4bn, has been made through ByteDance’s video games unit Nuverse, according to Reuters. It was also reported that Tencent had made a bid for the publisher which was subsequently matched by ByteDance. 


Esports investment report, March 2021

Rivalry announces $20m funding round

Rivalry logo
Credit: Rivalry

Toronto-based esports betting platform Rivalry has announced
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