EGW-NewsESforce lost 70%
ESforce lost 70%
0
0
6421
Mail.ru Group published a financial report for the past year. It stated that ESforce, the holding of which includes Virtus.pro and RuHub, was valued at $ 30,000,000 (1,800,000,000 rubles). Recall that Mail.ru Group purchased it for $ 100,000,000 (6,300,000,000 rubles). Thus, the asset lost its value by 70%.
Last summer, information appeared that Modern Pick had an interest in buying 51% of ESforce. At that time, the estimated value of the e-sports holding was $ 110,000,000.
Don’t miss esport news and update! Sign up and recieve weekly article digest!
Sign UpIn February, it became known that the parties could not reach a mutual agreement, and one of those wishing to acquire ESforce was the financial conglomerate Sberbank.
Leave comment
Did you like the article?
0
0
Latest News
Upcoming eSports events you can bet on
689
Team Falcons wins Esports World Cup 2025 Club Championship
2917
NAVI Opens Applications for Junior CS2 Team
3876
Why Global Tournaments Are Still Local Experiences
3541
Team Liquid Win MLBB Mid Season Cup 2025
4131
Alireza Firouzja Defeats Nodirbek Abdusattorov and Advances to the EWC 2025 Chess Semifinals
4694
EWC 2025 Chess First Day Overview
4757
Esports Betting Could Soon Be Legal in South Korea as Market Expands
5065
Team BDS Names Alexander Lopez as New CEO, Teases Rebrand and Launches Community Initiative
10896
Riot Games Embraces Gambling Sponsorships for Valorant & LoL Amid Esports Financial Struggles
8140
Comments