Sources: Savvy Gaming Group, backed by the Saudi Arabian government's Public Investment Fund, acquires esports companies ESL and FACEIT for a combined $1.5B Kevin Hitt / Sports Business Journal : Sports Business Journal 2022-01-25 Kevin Hitt Public Investment Fund, FACEIT, Kevin Hitt / Sports Business Journal, Saudi Arabian Related Coverage View article IGN ESL Gaming sold for $1 billion to Savvy Gaming Group VentureBeat Major esports host ESL Gaming is now owned by Saudi Arabia PC Gamer Esports organizers ESL and FACEIT sold for $1.5 billion to Savvy Gaming Group Game Developer Saudi-Backed Company Buys ESL For $1 Billion Kotaku Savvy Gaming Group purchases ESL Gaming and FaceIt GamesIndustry.biz Vince says he won't work with ESL or FACEIT following Savvy Gaming Group acquisition Dot Esports