Deutsche Telekom acquired a 25 percent stake in SK Gaming on Tuesday.
The German telecommunications company becomes the esports organization’s fourth partner, joining Mercedes-Benz, the Bundesliga soccer club 1. FC Koln and SK Gaming CEO and founder Alexander Muller. Each shareholder owns 25 percent.
We are excited to announce that @deutschetelekom has become a shareholder of SK Gaming, joining our ownership group alongside @Daimler and @fckoeln. #dabeihttps://t.co/6LRJlt5dWw pic.twitter.com/XWxhyJY7dv — SK Gaming (@SKGaming) December 17, 2019
We are excited to announce that @deutschetelekom has become a shareholder of SK Gaming, joining our ownership group alongside @Daimler and @fckoeln. #dabeihttps://t.co/6LRJlt5dWw pic.twitter.com/XWxhyJY7dv
— SK Gaming (@SKGaming) December 17, 2019
“Our acquisition underlines the importance and value that Deutsche Telekom places on eSports and gaming,” said Hiro Kishi, the company’s head of sports sponsoring, in a release. “Our networks, products and services provide the best possible environment for the esports and gaming community. SK Gaming is the perfect partner with whom we can cooperate to shape the market into the future.”
Financial terms were not disclosed.
SK Gaming, founded in 1997, competes in League of Legends, Smite, Hearthstone, FIFA and Clash Royale.
–Field Level Media (@FieldLevelMedia)
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