Esports media platform Enthusiast Gaming announced today that it has acquired Outplayed, owners of League of Legends data company U.GG.
The purchase was roughly $45 million with potential earnouts of up to $12 million. The additional earnouts will be subject to achieving performance goals within a two-year period from the date of closing the deal.
Additionally, the data platform is projected to generate $8 million in revenue by December 31, 2022.
Based in Texas, U.GG was founded in 2017 by Shinggo Lu and Alan Liang to serve as a global resource that provides players data such as competitors' win rates, rankings, and details on builds for characters.
The platform has gone on to be featured officially on League of Legends' website as a resource.
"Financially, the acquisition is accretive and integrates very well within our existing business model, adding new media availability and opportunities for our direct sales team, proprietary content, and subscription offerings," said CEO of Enthusiast Gaming Adrian Montgomery.
Canelo rejected a million-dollar offer, reveals David Benavidez. At the same time, it should be remembered that Benavidez said at the time that Canelo turned down a juicy offer for them to fight face to face. "It was more than 45 million dollars.
For starters, Canelo's three-fight deal with Premier Boxing Champions last June fell through, but he resigned a one-fight contract for this bout. Per Sportskeeda, Canelo is set to earn an estimated $35 million for this Saturday's clash against Munguia.
Both before and after the fight, Saul 'Caelo' Alvarez kept telling journalists he would be willing to fight David Benavodez if he was offered $200 million for it.
Stylistically and physically, Benavidez looks like an opponent who could create serious issues for Canelo. Perhaps that's why Canelo didn't choose to face him next despite the public outcry for the fight. To Canelo's point, he has fought everyone you could imagine, from 154 to 175 pounds up to this point.
He previously secured a guaranteed salary of $2 million for his bout against Demetrius Andrade last November. The 27-year-old is projected to earn around $8 million, including pay-per-view shares, for his upcoming fight against Gvozdyk.
According to Dan Rafael, Canelo vs. Bivol sold 550 thousand ppv's, far from DAZN's expectations, the English company was projecting approximately one million sales, the fight was half that. While these are not bad numbers, any other fighter would want them, for Canelo's level and hierarchy they can hardly seem regular.
Reception. The fight generated a live gate of around $18,000,000 from the 16,586 tickets sold in the sold-out show. The card was reported to have sold around 800,000 PPV buys in the US. At the price of $79.95, the card generated roughly $64 million of domestic revenue.
A boxer who grew up in rural poverty and used to fight for $40, Forbes estimates that Álvarez is worth at least $275 million. Over the last two years, Álvarez has launched a chain of five gas stations in western Mexico called Canelo Energy and an associated chain of 20 convenience stores called Upper.
Introduction: My name is Tyson Zemlak, I am a excited, light, sparkling, super, open, fair, magnificent person who loves writing and wants to share my knowledge and understanding with you.
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