Counter Logic Gaming Acquired By Madison Square Garden

Arcadia-based eSports company Counter Logic Gaming has been acquired by Madison Square Garden Company, the two said on Monday. Financial terms of the acquisition were not announced. According to the companies, The Madison Square Garden Company acquired the controlling stake in Counter Logic Gaming, which was founded by George Georgallidis. Counter Logic Gaming organizes e-sports tournaments around such titles as League of Legends, Counter Strike: Global Offensive, Super Smash Bros. Wii U, and Super Smash Bros. Melee.