VRB News
Virtual Reality Brisbane
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
No Result
View All Result
Home IT news

Mail.ru Group will give half of the holding eSports

admin by admin
June 11, 2020
in IT news
0
Mail.ru Group will give half of the holding eSports
0
SHARES
12
VIEWS
Share on FacebookShare on Twitter

Mail.ru Group will give half of eSports holdingand Saveliev | 16.07.2019

Mail.ru Group отдаст половину киберспортивного холдинга

According to the website of the London stock exchange, Internet holding Mail.ru Group exchanged its 51% interest in eSports Esforce holding 16% stake in the European manufacturer of racing video games
Modern Pick.

ESforce as part of the deal is estimated at $110 million, while Modern Pick, in the long term after its conclusion — at $350 million when it completes Mail.ru Group will be only 49% ESforce, and
the proportion of Modern Pick will increase from 3% to 19%, but it may still change.

Original Modern Pick based in Europe with offices in London, Barcelona, Moscow and Singapore. The company has been developing racing games AAA. In its partner network, including ZDF
and Red Bull.

In the case that total income in 2022 is below a certain minimum threshold, the MRG may withdraw from the combined company and to return 51% of shares ESforce back. Mail.ru Group also
has the ability to cancel the transaction if Modern Pick not fulfil certain conditions to raise funds and consolidate assets.

The holding does not consider it a sale, as the transaction will be cash-strapped, and its share in the eSports business ($56 million) – a assessment in the framework of the agreement, which will give Modern Pick without
the use of cash.

Completion is expected in the coming months. The Board of Directors Mail.ru Group approved the signing of a partnership agreement. However ESforce will be excluded from its financial statements.

Mail.EN Group hopes that this step will help to build an eSports business, full of different solutions, with presence in Russia, CIS countries and Europe, and will provide access to a wider
market.

Esforce is one of the largest holdings in the world of eSports. It was created on the basis of the eSports team Virtus.pro, which a few years ago invested USM Holdings. In the 2018 financial
year revenue ESforce amounted to 2.7 billion rubles, and EBITDA – RUB 0.7 billion

PwC estimates the global market of eSports will grow by 18%, from 805 million dollars in 2018 to 1580 million dollars in 2022.

ESports

Journal: Journal IT-News, Subscription to magazines

Mail.ru

Previous Post

The US and China topped the index AI

Next Post

The reality on removal. Or remote reality

admin

admin

Related Posts

The new Meta Quest 3 standalone VR headset is officially announced
IT news

The new Meta Quest 3 standalone VR headset is officially announced

June 6, 2023
A World on Your Plate
IT news

A World on Your Plate: Exploring Popular Global Dishes

June 5, 2023
Image Technology: A lot of fake Netflix messages circulating in Netflix account suspension? Problems with the subscription? Anyone who currently receives such messages, which supposedly come from Netflix, should be extremely skeptical and just do not rush anything. More…
IT news

Image Technology: A lot of fake Netflix messages circulating in Netflix account suspension? Problems with the subscription? Anyone who currently receives such messages, which supposedly come from Netflix, should be extremely skeptical and just do not rush anything. More…

June 2, 2023
Blockbuster mocks Netflix for charging to lend your account
IT news

Blockbuster mocks Netflix for charging to lend your account

May 31, 2023
How ChatGPT can help you in everyday life
IT news

How ChatGPT can help you in everyday life

May 25, 2023
Next Post
The reality on removal. Or remote reality

The reality on removal. Or remote reality

Premium Content

The Plex multimedia client comes to virtual reality

The Plex multimedia client comes to virtual reality

May 25, 2022
World Update 3: Microsoft Flight Simulator gets an update

World Update 3: Microsoft Flight Simulator gets an update

March 19, 2021
PokerStars VR is now available Submitted by the community

PokerStars VR is now available Submitted by the community

November 21, 2021

Browse by Category

  • Games
  • IT news
  • Tech
  • World

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • The new Meta Quest 3 standalone VR headset is officially announced
  • A World on Your Plate: Exploring Popular Global Dishes
  • Image Technology: A lot of fake Netflix messages circulating in Netflix account suspension? Problems with the subscription? Anyone who currently receives such messages, which supposedly come from Netflix, should be extremely skeptical and just do not rush anything. More…

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?