Tournament Platform Battleriff Gaming AB Acquires Red Reserve (EsportsObserver)
Battleriff Gaming AB has announced the acquisition of esports organization Red Reserve.
The company’s purchase of Red Reserve is a sum of newly issued Battleriff shares valued at 6 million SEK.
Billing itself as a virtual esports arena, Battlegriff hosts online tournaments for a variety of titles. The company’s purchase of Red Reserve is a sum of newly issued Battleriff shares valued at 6 million SEK. The two companies already share a home in Gothenburg, Sweden, making the merger a natural fit.
Battleriff CEO Torbjörn Vinsell expressed optimism in his statement on the move:
“A closer cooperation and a common ownership will make us still stronger and attractive for gamers, sponsors and other business partners.”
Red Reserve features teams across three different games, including Call of Duty, Gears of War, and FIFA 18. The organization formerly boasted a notable Counter-Strike: Global Offensive roster filled with promising domestic talent in Sweden, but parted ways with the team in August. The organization is now entirely represented by console esports competitors.
Battleriff does currently feature some symmetry with Red Reserve, as the tournament platform hosts competitions for FIFA in addition to Hearthstone and Smite. But that synergy will soon grow, as Battleriff also revealed plans to add Call of Dutycompetitions to its suite of services. Red Reserve’s Call of Duty team is the reigning European champion and features some of the most talented players on the continent.
Battleriff’s ownership group includes Jonas Sjögren, owner of Swedish audiobook company Storytel.
Red Reserve CEO Patrik Andersson gave a brief statement on the endeavor:
“The enhanced gaming experience that Battleriff delivers will be met with open arms by the Call of Duty community.”
Red Reserve’s endemic sponsors include Razer, Fadecase, and X-Gamer.
Battleriff’s ownership group includes a variety of Swedish capital. At the forefront is Jonas Sjögren, owner of Swedish audiobook company Storytel, as well as Optinator, a venture capital company that is also based in Gothenburg. Sjögren and Optinator are joined by real estate company CA Fastigheter co-owner Magnus Claesson and Marcus Fransson, co-owner of the fishing app Fishbrain.