Immortals team members playing at an eSports tournament.

AEG has acquired a minority stake in eSports franchise Immortals, joining current stakeholders Lionsgate, Michael Milken and Memphis Grizzlies co-owner Steve Kaplan, among others.

As part of the investment, Immortals will host their Los Angeles-based tournaments and events at AEG’s sports and entertainment district, L.A. Live.

The Immortals investment marks the latest step in AEG’s eSports initiative. Last Septembe...

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