Particle.news

Download on the App Store

Saudi-Backed Qiddiya Takes Co-Ownership of Evo by Acquiring RTS

Qiddiya says buying RTS will fund Evo’s expansion.

Overview

  • RTS, co-owner of the Evolution Championship Series, has been bought outright by Qiddiya Investment Company, a firm backed by Saudi Arabia’s Public Investment Fund.
  • Evo’s ownership is now split between NODWIN Gaming, which recently bought Sony’s former stake, and RTS under Qiddiya’s control.
  • Qiddiya executive Muhannad Aldawood said the deal strengthens its esports push and will fuel Evo’s continued growth.
  • Reporters and community members described the move as part of Saudi state-linked investment in gaming often criticized as sportswashing, with players citing concerns for LGBTQ+ participants.
  • Organizers are pressing ahead with international plans, including a European event scheduled for October in Nice, France.