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Immortals GC Buys OpTic Gaming Parent Infinite Esports

Immortals Gaming Club has acquired Infinite Esports & Entertainment, parent company of OpTic Gaming and the Houston Outlaws Overwatch League team. Immortals GC has added OpTic "alongside its current Immortals and MIBR brands," as well as the L.A. Valiant OWL franchise. Existing Infinite investors, including MLB Rangers investors Neil Leibman and Ray Davis, "will become IGC shareholders," with Leibman joining the company’s BOD. The deal values Infinite at more than $100M (ESPORTSOBSERVER.com, 6/12). The valuation "includes the purchase price, debt and other liabilities, including franchise fees still owed to the leagues" (BLOOMBERG NEWS, 6/12).

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