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Fortnite developer Epic Games announced that it has completed a $1B USD financing round bringing the company’s equity valuation to $28.7B. Its latest investment round includes an additional $200M strategic investment from Sony Group Corporation. Following the financing round, Epic Games’ CEO Tim Sweeney remains the controlling shareholder of the company.  Further investors that participated in the...

Samsung Electronics America will become the official computer memory hardware devices partner for all teams under the banner of CLG, the esports organization owned by Madison Square Garden Company. In addition to its category partnership, Samsung will become the presenting partner of CLG’s amateur tournament...

Turtle Beach‘s German peripherals brand ROCCAT has announced a partnership with multinational esports organisation Gen.G. The deal will see ROCCAT become the organisation’s official PC gaming accessories partner for its Overwatch, League of Legends, and PUBG teams, as well as its roster of content creators. Image credit: ROCCAT /...

Toronto-based esports company OverActive Media announced the second closing on their previously announced private placement, bringing the aggregate gross proceeds of their brokered and non-brokered financings to over $40M USD.   The parent company of three esports franchises, the Overwatch League’s Toronto Defiant, the Call of Duty League’s Toronto Ultra, and the MAD Lions, the current champions of the League...

Representatives from esports media holding company WePlay Esports, alongside professional boxers Oleksandr Usyk and Vasyl Lomechenko, have signed an agreement to create a company that will hold WePlay Ultimate Fighting League (WUFL) tournaments.  According to the release, the new company will also develop products and operate worldwide, with...