Saudi-backed group scoops up more esports companies, broadening gaming influence

The ESL FACEIT Group, the holding company forged by the acquisition and merger of both ESL and FACEIT by the Saudi-backed Savvy Games Group last year, has officially acquired esports technology and infrastructure company Vindex, according to an official release posted today.

The two main brands under the Vindex company are Esports Engine and Vindex Intelligence Platform, which now fall under the ownership of the ESL FACEIT Group, which also owns and operates ESL, FACEIT, and DreamHack. The Savvy Games Group, which purchased and merged ESL and FACEIT for $1.5 billion last January, is completely owned by Saudi Arabia’s Public Investment Fund, a sovereign wealth fund with $620 billion worth of assets across the world.