12 Jun Immortals acquires OpTic Gaming
After month’s of speculation, Immortals Gaming Club has announced that they will be finalizing a deal to purchase Infinite Esports Entertainment. While many people may not recognize Infinite Esports Entertainment, they most certainly will recognize OpTic Gaming, a Call Of Duty World League Titan, as well as the current first place team in the North American LCS.
Infinite Esports Entertainment recently put the brand up for sale due to conflicts with different members of the company. Infinite Esports Entertainment was first created in 2017 as a holding company that included OpTic Gaming, Houston Outlaws, and other Texas-based esports teams.
Immortals Gaming Club’s purchase of the brand came out of a press release today:
Immortals Gaming Club (IGC) announced today the acquisition of Infinite Esports & Entertainment, the parent company of OpTic Gaming. The transaction, the largest change of control transaction in esports history, values Infinite at more than $100 million in enterprise value. On a pro forma basis, the transaction makes IGC one of the world’s largest esports organizations, boasting four distinct and elite brands (Immortals, OpTic, MIBR and LA Valiant) and a presence in both franchised esports leagues (League of Legends Championship Series and the Overwatch League).
OpTic Gaming has been such a popular team ever since the early competitive Call Of Duty days, with legendary players such as SCUMP, HECZ, and Nadeshot, one of the current owners of the esports organization 100 Thieves. Fans that grew up on Call of Duty will all remember the sick plays that this squad would pull off and just how fun they were to watch.
OpTic Gaming currently sit atop of the North American LCS with a perfect 4-0, looking for an opportunity to head to the 2019 World Championships after the Summer Split. Immortals dominated in their first split in the LCS, but were kicked out when Riot switched it to a buy-in system instead of teams relegating teams in and out of the league.
The organization’s entire holding of teams will be the LA Valiant (Overwatch League), OpTic Gaming (Call of Duty World League and North American League Championship Series), and Brazilian CS:GO team MIBR. The Houston Outlaws (Overwatch League) will also be managed by Immortals on an interim basis.