Yahoo Esports will pull the investment out of competitive gaming
Yahoo Esports will shut down as of June 16, the company’s head of esports media, Travis Gafford, announced today via a letter: https://esports.yahoo.com/letter-readers-viewers-201316800.html. Yahoo Esports was launched in February 2016, and expanded into the coverage of Counter-Strike: Global Offensive, Dota 2, Street Fighter, League of Legends, and other widely prominent games.
The announcement comes just a few days after Verizon has finalized the acquisition of Yahoo. Verizon currently ownes AOL, and will merge with yahoo to produce a new company, Oath. Aoth currently will own a few verticals, including Tumblr, TechCrunch, and HuffPost. Former AOL CEO Tim Armstrong will be the new CEO of Oath.
Yahoo has decided to close the eSports vertical to focus on Yahoo Sports and aligning a “new company strategy,” Gafford said in a statement released to the public.
“As is often the case, there was a great deal of skepticism when a large company entered the esports space,” added Gafford. “You challenged us to create authentic videos and articles from familiar faces and names. With the help of teams, players, leagues, and publishers we strived to provide you engaging, entertaining, and informative content.”