Owner of EVO Acquired by Saudi Arabian Group

Acquisition of EVO by Qiddiya Marks New Era for Global Fighting Game Tournament

Saudi Arabian investment company Qiddiya has acquired RTS, the tournament organizer best known for the Evolution Championship Series (EVO), the world's largest fighting game event. Qiddiya's top strategist, Muhannad Aldawood, announced the acquisition on LinkedIn, with esportsadvocate confirming the Evolution Championship Series' new ownership. Specific figures or details about the deal have not been disclosed. This acquisition follows a prior change in EVO's ownership. In late August, Indian company NODWIN acquired Sony Interactive Entertainment's share in EVO. Sony, the owner of PlayStation, continued its involvement with RTS as an official event sponsor. Notably, Qiddiya and RTS collaborated for EVO 2024, providing Qiddiya with experience in organizing a global-scale fighting game tournament.

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