Joe Tsai keeps adding to his growing sports portfolio, this time with a $10 million investment in a Berlin-based esports company, G2 Esports. The investment, for a 10 percent stake, will permit G2 Esports to expand operations in both China and North America, including the opening of an office in New York.
G2 Esports announced the investment Wednesday morning. Forbes describes the company’s place in esports.
G2 is one of the most recognizable e-sports organizations in the world, in part because of its popular CEO and co-owner, Carlos “Ocelote” Rodriguez, who founded the company after a successful competitive career in Riot’s League of Legends.