Home Tournaments Mediapro Fully Acquires LVP Owner Fandroid

Mediapro Fully Acquires LVP Owner Fandroid

by Andrew Hayward
  • Mediapro has acquired the remaining shares in Liga de Videojuegos Profesional (LVP) owner Fandroid, taking full control of the company.
  • The deal is reportedly valued at €22M ($24.6M USD). Mediapro previously acquired a majority share in Fandroid in 2016.
  • The LVP operates the Spanish Superliga Orange league, which includes League of Legends and Call of Duty competitions, among others.

Spanish multimedia and communications group Mediapro Database-Link-e1521645463907 has acquired the remaining 50% stake of Fandroid, the parent company of Spanish esports organizer, Liga de Videojuegos Profesional (LVP).

Palco23 first reported the deal, and pegged the acquisition cost at €22M ($24.6M USD). Mediapro has confirmed the acquisition to The Esports Observer, but did not confirm the amount, provide comment, or make further information available.

Mediapro first acquired a majority stake in Fandroid in October 2016 to the tune of €4.6M ($5.1M USD). The LVP operates the Spanish Superliga Orange league, which includes competitions for games such as League of Legends Database-Link-e1521645463907, Call of Duty Database-Link-e1521645463907, Counter-Strike: Global Offensive Database-Link-e1521645463907, and Clash Royale Database-Link-e1521645463907. In January, Riot Games Database-Link-e1521645463907 and the LVP partnered to establish the League of Legends UK League Championship, which includes the academy teams from Fnatic Database-Link-e1521645463907 and Excel Database-Link-e1521645463907.

Related Article: Riot Games and LVP Announce New UK League

According to Palco23, Fandroid had €6.5M ($7.3M USD) in revenue for 2017, the most recent year’s data available, and logged 28.6M total viewers in 2018—a 64% increase over 2017. Last November, Mediapro launched its U-Beat streaming platform in Spain and Latin America.

acquisitionseuropeFandroidleague of legendsLiga de Videojuegos ProfesionalLVPmediaprospainUK

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