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IL, hereinafter referred as "the Company" or "the Group"), one of the largest Internet companies in the Russian-speaking Internet market, today announces the signing of the acquisition of 100% of ESforce, one of the largest e Sports company globally.
The purchase price will be 0m less any outstanding debt at closing, with a further KPI related payment at the end of 2018 connected to specific financial and operating targets. is acquiring the business from Anton Cherepennikov and from Highland Falls Investment.
It has 1,500 internal employees and more than 540 million registered users, said Elena Grigoryan, in an interview with Games Beat.
Most of the games are free-to-play, but the models vary.
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The company has 60 active games across its platforms, and it has 13 in-house development and publishing studios in 10 regional offices. Games has also invested in 14 partner studios in the past two years, and it is open to receiving funding pitches from indie developers around the world. has been around for 20 years, while the game business has been around for more than 10 years.
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