Terms of the acquisition were not disclosed, but it was confirmed that Fosun Sports will take ownership of Foyo’s core operating assets and management team across games, esports, and sports. Financial details of the PEAK6 investment were also undisclosed, but Fosun Sports said that the financing would allow the business to deepen the global industrial layout around the core business of sports, esports, and games. PEAK6, the owner of esports brand Evil Geniuses, made a minority strategic investment in the business. Fosun Sports made a strategic investment in Evil Geniuses in July this year. Fosun International confirmed that its Fosun Sports subsidiary will now operate as a holding entity.
Fosun Sports and PEAK6 share synergy in challenging conformity and their openness for collaboration. They both have a shared passion for sports, technology, and achieving success through hard work, intelligence, and innovation. Fosun Sports chairman Jeff Shi expressed confidence in PEAK6’s ability to bring knowledge, wisdom, learning, and support to Fosun Sports and Wolves, to become a sports industry group with global influence and success.
Since 2018, Fosun Sports has been active in the esports market, establishing an official esports brand through Wolverhampton Wanderers, the English Premier League football club it purchased in 2016. Last month, Fosun Sports acquired esports team Chongqing QGhappy, which has since been renamed Chongqing Wolves to align with the Wolves Esports brand.
