According to a report by Dexerto, Global Esports and Bleed eSports ended strategic collaboration talks for the Pacific international Valorant competition owing to Riot Games’ rules, sources told Dexerto.
The two groups held negotiations regarding the prospect of combining forces for the Valorant league and competing under the name “GE BLEED.” According to the sources, the business transaction was worth $6 million.
Riot, however, informed the partnered organizations of the constraints that are now in place in the league, which led to the conclusion of the talks. The developer will impose rigorous regulations on strategic alliances with outside rival entities to eliminate potential conflicts and will have the ultimate say on such transactions.
As reported by TalkEsport, Indian-based professional gaming and esports organization Global Esports has made history by entering the prestigious Valorant International tournament.
In May, this type of agreement was reached between the Dota 2 powerhouses at OG Esports and the United Kingdom’s LDN UTD esports organization. LDN UTD’s Valorant squad became OG LDN UTD and competed in VCT EMEA Stage 2 Challengers and the last-chance qualifier for Valorant Champions 2022.
“I can’t talk about any ongoing deals or discussions, but there are a few interesting discussions. We will be happy to share details when anything materializes.”Global Esports co-founder and CEO Rushindra Sinha upon being interviewd by Dexrto about the same.
Riot Games has teamed with eleven organizations for the Pacific international league, including 2017-founded Global Esports. Ganesh “SkRossi” Gangadhar, who plays with Global Esports, is arguably the most well-known Valorant player in the country.
After parting ways with their team in August, which includes a former member of G2 Esports Jacob ‘pyth’ Mourujarvi, Bleed eSports are currently considering their options in the Valorant scene. The Singaporean organization has offered OpTic Gaming’s unrestricted free agent Jaccob ‘yay’ Whiteaker a $1 million-a-year contract, according to VLR.gg writer Seulgi.
The Chief Executive Officer of Bleed, Mervyn Goh, disclosed on September 19 that the business did not submit an application for a partnership slot owing to “a pending merger and acquisitions activity.” According to the sources, there is no connection between this contract and the conversations that were taking place with Global Esports.