Two of the largest CS:GO tournament organizers in the world, ESL and FACEIT, were acquired by Savvy Gaming Group (SVV) for $1.5 billion and merged to form ESL FACEIT Group. It has been further report that SVV is financially backed by the Saudi government’s Public Investment Fund, which is one of the world’s largest sovereign wealth funds.
This merger promises to bring “an end-to-end solution that helps game developers and publishers build sustainable competitive gaming communities and eSports ecosystems”.
Since both ESL and FACEIT are involved in the CS:GO scene, after the merger, they will begin to work together more closely. A variety of initiatives have been listed in the newly merged company website.
In addition, it was mentioned that the brands belonging to the two companies – FACEIT, DreamHack, ESL, ESEA and Badlion, will continue to operate as normal.
Two of the biggest tournament organizers in CS:GO merge to form the ESL FACEIT Nhóm Team
This merger between the two companies has made ESL FACEIT Group one of the largest CS:GO tournament operators in the world. Not only do they have a large stake in the global competitive circuit, but they also have control over two of the largest third-party matchmaking services – ESEA and FACEIT.
Some of the initiatives that ESL FACEIT Group has decided to focus on are as follows,
Fight fraud by developing effective anti-fraud solutions.
FACEIT and ESEA will merge their technology knowledge and data infrastructure to form stronger anti-fraud programs. Fighting fraudsters will remain a top priority for our new company.
Revives and provides stability to CS:GO North America.
Strengthening the North American (North American) player base and eSports scene for CS:GO remains a priority for healthy competition globally. To achieve this, the following will be done,
Encourage North American teams to invest in teams based in North America.
FACEIT and ESEA expand operations in NA.
Support the North American Cash Cup program on ESEA.
Support the development of other regions.
To strengthen areas other than NA, many steps have been taken such as:
Set up a $100,000 USD fund to support local organizers.
Bimonthly Cash Cups offering $1000 USD were held for South America, Asia, Oceania and South Africa.
The GGFORALL initiative expands to Brazil.
Provides a better path to playing professionally.
To provide more opportunities for upcoming players and teams, the following steps will be taken,
The expansion of the FACEIT Pro League.
Integrate rising star players from FPL into ESL LAN tournaments.
Create new online youth programs through the FACEIT and EPL groups.
Reward fans for watching different tournaments.
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https://afkgaming.com/csgo/news/esl-faceit-merge-to-form-new-entity-various-initiatives-planned-for-csgo Merging ESL, FACEIT to form new entity, various initiatives planned for CS:GO