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Former CEO of eBay, Meg Whitman, invests in esports

Image of Michelle Mannering
Michelle Mannering
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Published: Jul 28, 2018 09:42 pm

This article is over 6 years old and may contain outdated information

Meg Whitman has made a large investment in Immortals

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Earlier this week, Meg Whitman announced her investment into Immortals. The global esports organisation welcomes the American business executive. As the former CEO of Hewlett Packard Enterprise Co and eBay Inc., Whitman brings a wealth of experience. Whitman invested a significant amount of money and has been appointed to the Board of Directors. It remains a mystery as to the exact sum of money invested. Her contribution, however, now values the company at over $100 million. Whitman has stated she has “ambitions [for Immortals] to become the first billion-dollar esports business.”

Whitman is considered one of America’s most influential business-women. This is her first venture into esports. She outlined the need for communities, teams, and various platforms to come together to “match the gaming community’s enthusiasm.” Whitman also brings a keen interest in sports along with her technology background. This will enable her to help further develop the team’s teamwork, leadership, and competitiveness.

Immortals esports organisation

Based in Los Angeles, the company was founded in 2015. After purchasing a slot in the North American League of Legends Championship Season (LCS), Immortals competed in League from 2015 to 2017. The organisation has expanded into such titles as Rainbow Six: Siege, Dota 2, CS:GO, and Super Smash Bros. One of their most well-known teams includes Los Angeles Valiant. The Valiant currently compete in the Overwatch League. On top of Whitman’s investment, the company already includes shareholding from Anschutz Entertainment Group (AEG), Lionsgate, Peter Levin, Steve Kaplan, and many others.

Esports investments

It seems investing in esports has become a trend. Swift, the parent company of League of Legends Team SoloMid (TSM), recently raised $37 million. The American-based company attracted a noteworthy list of investors. Australian telecommunications company Telstra were among the shareholders. Read more about the Series A funding round here.

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Author
Image of Michelle Mannering
Michelle Mannering
Michelle is a Content Producer in the realms of innovation and technology. Known as the “Hackathon Queen” 👑 you'll often find her on stage MC’ing or speaking on a range of topics from artificial intelligence, to business, community engagement, the future of work, and esports. With a background in both science and arts, Michelle writes extensively on a range of topics including innovation, startups, corporate culture, esports, business development, and more. She has a passion for gaming and combines this with her experience in a range of industries. Michelle brings a unique insight into esports innovation and draws many parallels between the physical world of sport, and the digital world of esports.