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Sources: Hersh Family Investments Acquires Team EnVyUs For $35M

Esports outfit Team EnVyUs has obtained a $35M investment from Hersh Family Investments and its "interactive group," according to sources. The deal is "one of the largest reported esports team acquisitions in the history of the industry." Sources said that other teams "have sold for roughly" $15-25M over the past year. Team EnVyUs reportedly will "relocate to Dallas and assume" an Overwatch League spot. This is Kenneth Hersh's second esports team investment, as his company in April were "minority investors" in a $7M funding round for London-based Fnatic (ESPN.com, 8/8).

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