Today, Activision Blizzard officially announced their acquisition of eSport pioneer, Major League Gaming, also known as MLG for a reported $46 Million. MLG is a leader in creating and streaming premium live gaming events, organizing professional competitions, and running competitive gaming leagues. The buy out expands Activision Blizzard’s reach across the growing eSports ecosystem by adding live streaming capabilities and technologies to Activision’s Media Network division, currently led by former ESPN CEO Steve Bornstein and MLG co-founder Mike Sepso.

“Our acquisition of Major League Gaming’s business furthers our plans to create the ESPN of esports. MLG’s ability to create premium content and its proven broadcast technology platform – including its live streaming capabilities – strengthens our strategic position in competitive gaming. MLG has an incredibly strong and seasoned team and a thriving community. Together, we will create new ways to celebrate players and their unique skills, dedication and commitment to gaming. We are excited to add Sundance and the entire MLG esports team to our competitive gaming initiatives.” –Bobby Kotick, Chief Executive Officer of Activision Blizzard

MLG will continue to operate, MLG Pro Circuit, and GameBattles platforms, and will continue to work with its established partners and publishers. It is also stated there will be no layoffs on the current MLG roster but instead all current employees are now under Activision Blizzard.