« Major League Gaming Sold to Activision Blizzard for $46 Million »

MLG is coming to an end. Or, perhaps, it will simply be a new beginning under the watchful eye of owner Activision Blizzard, which bought "substantially all" MLG's assets for $46 million on Dec. 21.

The deal will see $31 million of the money used to pay MLG's standing debts, while the remaining $15 million will be held in escrow. MLG CEO Sundance DiGiovanni has also been removed from his position, replaced by former MLG CFO Greg Chisholm.

It remains to be seen what Activision Blizzard will do with MLG's assets going forward, but clearly the company sees something of value in the work of the eSports heavyweight.