eSports Observer is reporting that MLG’s Board of Directors have approved an acquisition that will give “substantially all” of their assets over to Activision Blizzard.
The report states that the sale was approved as a “corporate action taken without a stockholders’ meeting by less than unanimous written consent”. The shareholders were not informed until they received letters that arrived to them on December 22, but some are noting they were only notified as soon as yesterday.
Since then, MLG’s Adam Apicella has noted that the upcoming CS: GO championships scheduled for March will not be affected by the acquisition. In addition, current MLG CEO Sundance DiGiovanni has been replaced by Greg Chisholm, the former CFO.
We hope to provide you with more information as it becomes available.