Qiddiya Fully Acquires EVO Tournament Organizer RTS
Qiddiya, a Saudi Arabian mega-city project backed by the Public Investment Fund, has acquired full ownership of RTS, the organizer of the Evolution Championship Series (EVO), aiming to strengthen its position in the esports industry and support EVO's growth. The financial details were not disclosed, and the move follows Qiddiya's previous investment and partnership with EVO, amidst ongoing discussions about the implications of Saudi-backed investments in entertainment.