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ESForce confirms acquisition of 66 percent of SK Gaming shares

by Daniel Rosen Sep 5 2016
Thumbnail image courtesy of theScore esports / SK Gaming

Esports holding company ESForce Holdings has confirmed that they have purchased 66 percent of outstanding shares in SK Gaming, giving them ownership of two-thirds of the organization.

As was originally reported by The Esports Oberserver's Thiemo Brautigam in August, ESForce also owns Virtus.pro, and owns the media rights to Natus Vincere. The three organizations are now tied together through this holding company.

"After considering all the options, we realized that a collaboration with ESforce would be the best decision for our business," SK Gaming's owner Alexander Mueller stated in a press release. "We were looking for a partner that could provide us with financial support and also had extensive experience in eSports."

According to statements from ESForce CEO Anton Cherepennikov, Mueller still runs SK Gaming, and claims that ESForce "neither participates in operating and sports activities of SK Gaming nor affects them."

Brautigam's original report came amidst many allegations that various esports organizations had financial ties with other organizations that could be considered conflicts of interest. Brautigam also alleged that ESForce owns CS:GO betting site CSGO Lounge and independent journalist Richard Lewis alleged that G2 Esports' co-owner Jens Hilgers loaned an undisclosed amount of money to Fnatic earlier this year, which G2's other co-owner Carlos "Ocelote" Rodriguez later confirmed to theScore esports.

Daniel Rosen is a news editor for theScore esports. You can follow him on Twitter.

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