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The Philadelphia 76ers announced on Monday its entry into the eSports arena, the first for a U.S. professional sports franchise.
Along with venture capital firm NextEquity, the 76ers purchased a majority stake in eSports franchises Team Dignitas and Team Apex, a deal that was worth between $7 million and $15 million according to Forbes. The two teams will be combined under the Team Dignitas name and will operate separately from the NBA franchise.