Global esports and gaming company Immortals Gaming Club (IGC) acquires Infinite Esports & Entertainment, the parent company of OpTic Gaming.
The transaction, which values Infinite at more than $100m in enterprise value, makes IGC one of the world’s largest esports organizations, boasting four distinct and elite brands (Immortals, OpTic, MIBR and LA Valiant) and a presence in both franchised esports leagues (League of Legends Championship Series and the Overwatch League).
The transaction follows IGC’s $30m Series B fundraise as well as its acquisition of Brazilian matchmaking platform, Gamers Club.
Current Infinite investors including Neil Leibman and Ray Davis, co-owners of the Texas Rangers, will become shareholders in IGC.
Leibman will join IGC’s Board of Directors, serving alongside AEG’s Steve Cohen, Meg Whitman, Lionsgate, Griffin Gaming Partners’ Peter Levin, the Milken Family, and Steve Kaplan.
Led by Ari Segal, Chief Executive Officer, Immortals Gaming Club now owns and operates
- IGC esports, which houses the company’s competitive esports brands Immortals, Los Angeles Valiant (Overwatch League), OpTic Gaming and MIBR; and
- Gamers Club, a matchmaking platform and community hub for gamers in Brazil and Latin America.
On an interim basis, IGC will manage the Overwatch League’s Houston Outlaws franchise as a distinct entity with its own dedicated staff, pending the sale of the franchise to a third party. The Overwatch League will provide oversight and monitor the team operations to ensure competitive integrity during the transition period.
The LCS franchise will continue to operate under the OpTic name until rebranding to Immortals in 2020.