Following the January acquisition of Gambit Esports by Russian telecoms company MTS, the organisation has finally revealed specifics about the deal.
An MTS representative spoke to Russian news outlet Vedomosti, revealing that the deal cost $5 million. Prior to changing hands, Gambit was the property of Praliss. The deal brought some changes within the company and the inclusion of former Gambit Esports CEO Konstantin ‘Groove’ Pikiner as the boss of a separate arm with a strong focus on professional gaming.
MTS investment is not surprising given that its parent company, Sistema, sports hefty revenues for 2016, reporting $10.7 billion. The deal has also beaconed the readiness of MTS to further commit to the eSports segment and pursue new successes.
MTS remains one of the largest telecom operators in Russia with 107.1 million subscribers in six countries. For its part, Gambit fields competitors in several major titles, including LoL, CS:GO, and FIFA.
The organisation made a determined push in the area by adding M5, standing for Moscow’s 5, LoL squad as early as 2013.