New York – Major League Gaming (MLG), a professional video
game league and online gaming competition, announced on Monday the initial
close in a $10 million financing commitment, set to be completed in the first
quarter of 2011.

The investment was led by Legion Enterprises, with
participation from Oak Investment Partners.

Founded in 2002, New York-based MLG
says it now reaches 4.5 million online consumers monthly, while live broadcasts
of its Pro Circuit events are attracting 600,000 unique viewers.

The company,
which has now raised a total of $52.5 million in venture financing, will use
the new funds to fuel globalization and development of consumer and social
media offerings.


Related Links: