Cologne – Deutsche Telekom has become a shareholder in well-known e-sports company SK Gaming. In addition to Deutsche Telekom, 1st FC Cologne, Mercedes-Benz and SK Gaming founder and CEO Alexander Müller each hold a quarter of the shares in the Cologne-based company.
CMS partner Dr Hendrik Schindler advised 1st FC Cologne on all legal aspects of Deutsche Telekom’s investment in SK Gaming. The football club is a longstanding CMS client. The law firm also provided transactional advice when the club acquired its stake in SK Gaming.
SK Gaming describes itself as a leading e-sports organisation. Established in 1997, the company has won more than 60 championship titles and prizes worth millions of euros. 1st FC Cologne and SK Gaming announced a strategic partnership back in January 2018. This partnership and the stake taken in SK Gaming in May 2019 marked the entry of 1st FC Cologne into the e-sports space. Deutsche Telekom is now the first telecommunications provider to invest directly in an e-sports organisation.
CMS Germany
Dr Hendrik Schindler, Partner, Corporate/M&A
Press Contact
[email protected]
Social Media cookies collect information about you sharing information from our website via social media tools, or analytics to understand your browsing between social media tools or our Social Media campaigns and our own websites. We do this to optimise the mix of channels to provide you with our content. Details concerning the tools in use are in our privacy policy.