G2 Esports Brings On Brooklyn Nets Billionaire Joseph Tsai As An Owner And Plans To Take Over New York [Forbes]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Forbes
G2 Esports announced Alibaba and Brooklyn Nets billionaire Joseph Tsai has made a low, 8-figure investment in the company to become a minority owner, and that it will open a New York office shortly after the new year. G2 is one of the most recognizable esports organizations in the world, in part because of its popular CEO and co-owner, Carlos “Ocelot” Rodriguez who founded the company after a successful competitive career in Riot’s League of Legends Fortnite CS:GO PUBG Rocket League LOL In the first half of 2019 Forbes values the company at $165 million Not for much longer. Jens Hilgers, one of G2’s founding owners and Rodriguez’s mentor, told “New York is an under-leveraged and under-represented market in esports which is odd because it in particular is where so many impactful subcultures have been born in the U.S.,” he said. “This is an opportunity for G2 to capitalize on playing to the East coast.” Currently only two top tier esports organizations have a presence in New York City,
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