NODWIN Acquires Stake in EVO

Mergers and Acquisitions

22 August 2025 09:43

Evolution Championship Series (Evo), the longest-running fighting game tournament in the world, is set to take its next big step in global expansion. NODWIN Gaming,has acquired Sony Interactive Entertainment's (SIE) stake in the event, becoming the new majority shareholder. This move is part of a strategic shift aimed at growing Evo's reach internationally while preserving its roots in the fighting game community.

NODWIN Gaming Takes Over Majority Ownership of Evo

On the heels of the announcement, NODWIN Gaming will now spearhead Evo's future growth. The esports organization, known for its deep influence in South Asian esports and youth entertainment, is poised to drive the series into new regions. The financial details of the acquisition, including the amount of the transaction, have not been disclosed.

Although Sony is stepping back from a direct ownership role, the tech giant will continue to serve as Evo’s global sponsor until at least 2028. In addition, SIE reiterated its commitment to the fighting game community, promising continued support through PlayStation Tournaments and upcoming products designed to engage players globally.

"When SIE acquired Evo alongside RTS in 2021, our goal was to help the Evo community grow and spotlight the skills and passion of fighting game fans on a global stage," said Phil Rosenberg, Senior Vice President at Sony Interactive Entertainment. "As SIE transitions to become an Evo sponsor, the momentum for Evo has never been stronger, following a successful Las Vegas event and upcoming expansion to new regions."

NODWIN Gaming’s Vision for Evo’s Next Phase

The company, led by Akshat Rathee, is committed to continuing SIE’s work, focusing on honoring Evo’s legacy while preparing it for the next generation of players.

"Evo was built by a team whose authenticity and passion for the fighting game community are unmatched," said Akshat Rathee, Co-founder and Managing Director of NODWIN Gaming. "We will continue SIE’s great work and honor the legacy of everyone who has made it what it is today, while opening the door for a new generation to experience the spirit of Evo."

Strategic Partnership with Qiddiya to Expand Global Reach

In addition to NODWIN’s acquisition, Saudi Arabia's Qiddiya has expanded its partnership with Evo through 2027. This partnership includes significant investment in RTS, further strengthening Evo’s ability to produce international events, create original content, and enhance community engagement globally.

More:2XKO Guidelines Revealed

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NODWIN Acquires Stake in EVO

Mergers and Acquisitions

22 August 2025 09:43

Tags: NODWIN

Evolution Championship Series (Evo), the longest-running fighting game tournament in the world, is set to take its next big step in global expansion. NODWIN Gaming,has acquired Sony Interactive Entertainment's (SIE) stake in the event, becoming the new majority shareholder. This move is part of a strategic shift aimed at growing Evo's reach internationally while preserving its roots in the fighting game community.

NODWIN Gaming Takes Over Majority Ownership of Evo

On the heels of the announcement, NODWIN Gaming will now spearhead Evo's future growth. The esports organization, known for its deep influence in South Asian esports and youth entertainment, is poised to drive the series into new regions. The financial details of the acquisition, including the amount of the transaction, have not been disclosed.

Although Sony is stepping back from a direct ownership role, the tech giant will continue to serve as Evo’s global sponsor until at least 2028. In addition, SIE reiterated its commitment to the fighting game community, promising continued support through PlayStation Tournaments and upcoming products designed to engage players globally.

"When SIE acquired Evo alongside RTS in 2021, our goal was to help the Evo community grow and spotlight the skills and passion of fighting game fans on a global stage," said Phil Rosenberg, Senior Vice President at Sony Interactive Entertainment. "As SIE transitions to become an Evo sponsor, the momentum for Evo has never been stronger, following a successful Las Vegas event and upcoming expansion to new regions."

NODWIN Gaming’s Vision for Evo’s Next Phase

The company, led by Akshat Rathee, is committed to continuing SIE’s work, focusing on honoring Evo’s legacy while preparing it for the next generation of players.

"Evo was built by a team whose authenticity and passion for the fighting game community are unmatched," said Akshat Rathee, Co-founder and Managing Director of NODWIN Gaming. "We will continue SIE’s great work and honor the legacy of everyone who has made it what it is today, while opening the door for a new generation to experience the spirit of Evo."

Strategic Partnership with Qiddiya to Expand Global Reach

In addition to NODWIN’s acquisition, Saudi Arabia's Qiddiya has expanded its partnership with Evo through 2027. This partnership includes significant investment in RTS, further strengthening Evo’s ability to produce international events, create original content, and enhance community engagement globally.

More:2XKO Guidelines Revealed

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