Meg Whitman Invests In Esports Company Immortals

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(RTTNews.com) - Meg Whitman, the former chief executive of eBay Inc. (EBAY) and Hewlett Packard Enterprise Co. (HPE), has invested in Los Angeles-based Immortals LLC, a global esports company founded in 2015, and will join its board, the reports said.

Immortals owns and operates an esports franchise, the Los Angeles Valiant, in a league run by videogame publisher Activision Blizzard Inc. ( ATVI ) that was launched in January.

It isn't clear how much she put in but Whitman's investment values the company at more than $100 million, the report said.

The global audience for esports has ballooned to 400 million viewers, according to Whitman. The industry's annual revenue â€" from corporate sponsorships, media rights, ticket sales and other sources â€" has more than doubled since 2014 to more than $800 million and is expected to continue at a fast clip, she reportedly said in interview.

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This article appears in: World Markets , Stocks
Referenced Symbols: ATVI ,

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