Tuesday, June 20, 2017

Immortals Gets Strategic Investment From AEG

Los Angeles-based esports team, Immortals has received an investment from AEG, which said that the Immortals will host its home events at L.A. LIVE. The size of the strategic investment was not announced. According to AEG, the investment will help it further expand its footprint in esports. AEG joins an ownership group led by Clinton Foy of Crosscut Ventures, and which also includes Lionsgate, Lionsgate's Peter Levin; Michael Milken; Memphis Grizzlies co-owner Steve Kaplan; Gregory Milken of March Capital Partners; Allen DeBevoise; Brad Jones of Redpoint Ventures; Greg Deutch, formerly of Activision; the band Linkin Park (via Machine Shop, their venture capital arm); Greg Bettenelli of Upfront Ventures, and Brian Lee of Honest Company. More information »