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Karmine Corp acquires majority stake in Astralis’ slot in LEC

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Oct 18, 2023

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Oct 18, 2023

Karmine Corp acquires majority stake in Astralis’ slot in LEC

M&A

Karmine Corp, a French-based esports organization founded by popular French streamer Kameto and influencer Prime, acquired a majority stake in Astralis' slot in the LEC, League of Legends' EMEA franchised competition.
Karmine Corp acquired the slot by purchasing a 66.67% stake in a subsidiary, AK-Games SAS, for USD ~18 million, enabling their participation in the LEC starting in 2024.
With this acquisition, Karmine Corp gains entry into the LEC, enhancing its visibility and competitive standing within the League of Legends ecosystem.

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