Immortals acquires OpTic Gaming parent company in $100 million deal
With the addition of OpTic Gaming, Immortals now has esports teams in even more titles. This includes League of Legends, meaning a possible return to the League of Legends Championship Series.
"It feels like a welcome homecoming," Immortals CEO Ari Segal said.
In the past, Immortals was one of the LCS' most popular and promising teams. But fans were shocked when Immortals wasn't part of the 2018 season. It was said this was because of the organization's committment to the new Overwatch League.
With the purchase of OpTic Gaming's parent compay, Immortals will be able to reenter the LCS. OpTic will reportedly participate in the league under their current name for the remainder of 2019, but will be rebranded to Immortals in 2020.
OpTic Gaming is 4-0 after the first two weeks of the LCS Summer Split.
Another concern the esports industry had was Immortal's Overwatch League participation. The OWL doesn't allow organizations to have multiple teams. Immortals already owns the Los Angeles Valiant franchise. With the purchase of Infinite Gaming, they have also acquired OpTic's Houston Outlaws.
Immortals stated they will manage Houston Outlaws on an interim basis and try to sell the franchise to another party. Overwatch League commissioner Pete Vlastlica stated that the Outlaws will have heavy supervision, helping to ensure that the team is able to verify competitive integrity while Immortals still controls both teams.
IGC will also obtain OpTic's Call of Duty World League team, but will be divesting from their Counter-strike: Global Offensive team, Made in Brazil.
“I feel strongly about connecting to high affinity fan bases and giving those fan bases reason to connect with content and experiences,” Segal said. “There is no, literally not one, single community group in esports that represents a more attractive tapestry against which to do those things.”
Infinite Esports' investors will now become IGC shareholders. This includes Neil Leibman and Ray Davis, Texas Rangers co-owners. Riot and Activision Blizzard have both approved the sale.
Immortals sell Houston Outlaws to Beasley Media Group for OWL 2020
Immortals CEO Ari Segal discusses imminent return to the LCS
Immortals positioned to return to LCS with buyout of OpTic Gaming
Infinite Esports reportedly owes $20 million prior to Immortals sale
Immortals looking to buy OpTic Gaming after $30 million investment
Cloud9 will not play in Berlin Major after flop in qualifiers
FaZe Clan and Black Dragons match fixing investigation concludes
Mordekaiser rework, Ryze and Sylas get big nerfs in new LoL update
Dota Underlords is new Dota Auto Chess standalone game from Valve
Riot Games investigated in California for gender discrimination
Respawn hints that Leviathans may come to Apex Legends Season 2
Dr. Disrespect Twitch ban leaves streaming future in limbo
IG Rookie leaving LPL due to family health issues in Korea
Fortnite 9.21 patch includes Horde Rush LTM and a grenade launcher
Ghost Gaming releases CS:GO team after free agency announcements
Teamfight Tactics coming to League of Legends, emulates Auto Chess
LCS Scouting Grounds Circuit arrives, partnering Riot and FACEIT
Ninja struggles to keep up with pro Fortnite players on Twitch
NRG Esports adds Stanislaw hours before StarLadder Majors qualifiers