The IOC and Saudi Arabia call it quits on their Olympic esports partnership

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The esports partnership between the International Olympic Committee (IOC) and Saudi Arabia is no more. On Thursday, the IOC said that it and the Saudi Olympic and Paralympic Committee (SOPC) have “mutually agreed” to part ways. The breakup comes weeks after Saudi Arabia’s sovereign wealth fund and other investors bought EA for $55 billion.

The IOC and SOPC agreed on a 12-year esports partnership in 2024. At the time, the IOC was reportedly in talks with publishers of Rocket League, Street Fighter and…



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The IOC and Saudi Arabia call it quits on their Olympic esports partnership


The esports partnership between the International Olympic Committee (IOC) and Saudi Arabia is no more. On Thursday, the IOC said that it and the Saudi Olympic and Paralympic Committee (SOPC) have “mutually agreed” to part ways. The breakup comes weeks after Saudi Arabia’s sovereign wealth fund and other investors bought EA for $55 billion.

The IOC and SOPC agreed on a 12-year esports partnership in 2024. At the time, the IOC was reportedly in talks with publishers of Rocket League, Street Fighter and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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