ESL and Dreamhack announce they will merge

ESPN — ESL and DreamHack, two of the biggest event organizers in esports, announced Wednesday that they will merge after a five-year period that saw the two companies share ownership in Modern Times Group but operate independently. The new company will be known as ESL Gaming, with Modern Times Group as its majority shareholder.

DreamHack will continue to be the name of the festival series that spans across Europe and North America, but will be operated now by the joint leadership group. That leadership group will be led by ESL co-CEOs Ralf Reichert and Craig Levine, with DreamHack CEO Marcus Lindmark staying on to operate the large-scale festivals he has been the top executive for since October 2014. [MORE]