{"id":415044,"date":"2021-01-14T09:19:00","date_gmt":"2021-01-14T14:19:00","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=415044"},"modified":"2021-01-14T09:19:00","modified_gmt":"2021-01-14T14:19:00","slug":"liberty-global-ventures-mobile-esports-investment-closes-successful-public-market-debut","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/liberty-global-ventures-mobile-esports-investment-closes-successful-public-market-debut\/","title":{"rendered":"Liberty Global Ventures\u2019 Mobile Esports Investment Closes Successful Public Market Debut"},"content":{"rendered":"

<\/p>\n

Liberty Global Ventures\u2019 Mobile Esports Investment Closes Successful Public Market Debut<\/b><\/p>\n

Skillz Marks the First Publicly-Traded Mobile Esports Platform and Liberty Global Ventures\u2019 Most Recent Investment to Go Public<\/b><\/p>\n

DENVER, Colorado–(BUSINESS WIRE<\/a>)–
\nLiberty Global (Nasdaq: LBTYA, LBTYB and LBTYK), one of the world\u2019s leading converged video, broadband and communications companies, through its Liberty Global Ventures (\u201cLG Ventures\u201d) investment arm, has seen the successful public debut of Skillz (NYSE: SKLZ), the leading mobile games platform.\n<\/p>\n

\nSkillz connects players globally in fair, fun and meaningful competition, and helps developers build and monetize their franchises by enabling social competition to increase reach and engagement. Leveraging its patented technology, Skillz hosts billions of casual esports tournaments for millions of mobile players and distributes millions in prizes each month. Becoming a publicly traded company further enables Skillz to accelerate its expansion in the fast-growing mobile gaming market that today includes 2.7 billion gamers and 10 million game developers.\n<\/p>\n

\nLiberty Global Ventures first invested in Skillz in 2017. The company has provided revenue guidance of $225 million for 2020, representing 89% growth year-over-year.\n<\/p>\n

\nJohn Gowen, Managing Partner, LG Ventures commented, \u201cWe are thrilled for Skillz, its management team and fellow shareholders. This is an innovative company that shows exceptional potential within the growth trajectory of the mobile gaming industry.\u201d\n<\/p>\n

\nGowen added, \u201cWe continue to see demonstrated opportunity in gaming as an entertainment category, and with the substantial growth and success we\u2019ve achieved with Skillz, our Ventures group widely views gaming as an important area for ongoing investment.\u201d\n<\/p>\n

ABOUT LIBERTY GLOBAL<\/b><\/p>\n

\nLiberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is one of the world\u2019s leading converged video, broadband and communications companies, with operations in seven European countries under the consumer brands Virgin Media, Telenet, UPC, the combined Sunrise UPC, as well as VodafoneZiggo, which is owned through a 50\/50 joint venture. Our substantial scale and commitment to innovation enable us to invest in the infrastructure and digital platforms that empower our customers to make the most of the digital revolution.\n<\/p>\n

\nLiberty Global delivers market-leading products through next-generation networks that connect customers subscribing to 50 million broadband, video, fixed and mobile telephony services across our brands. We also have significant investments in ITV, All3Media, ITI Neovision, LionsGate, the Formula E racing series and several regional sports networks.\n<\/p>\n

ABOUT LIBERTY GLOBAL VENTURES<\/b><\/p>\n

\nLiberty Global Ventures is the company\u2019s global investment arm, with a diverse portfolio of 40 companies in content, technology, internet and distribution. The group consists of a dedicated team in Denver, Silicon Valley, London and Amsterdam, whose remit is to leverage Liberty Global\u2019s scale and expertise to drive superior strategic and investment returns.\n<\/p>\n

\nFor more information, please visit www.libertyglobal.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210114005216\/en\/<\/a><\/span><\/p>\n

Investor Relations:
\n<\/b>
Max Adkins +44 20 8483 6336
\n
Stefan Halters +44 20 8483 6211\n<\/p>\n

Corporate Communications:
\n<\/b>
Molly Bruce +1 303 220 4202
\n
Matt Beake +44 20 8483 6428\n<\/p>\n

KEYWORDS:<\/b> Colorado United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Mobile\/Wireless Technology Electronic Games Finance Entertainment Online Telecommunications Professional Services Mobile Entertainment Audio\/Video<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Liberty Global Ventures\u2019 Mobile Esports Investment Closes Successful Public Market Debut Skillz Marks the First Publicly-Traded Mobile Esports Platform and Liberty Global Ventures\u2019 Most Recent Investment to Go Public DENVER, Colorado–(BUSINESS WIRE)– Liberty Global (Nasdaq: LBTYA, LBTYB and LBTYK), one of the world\u2019s leading converged video, broadband and communications companies, through its Liberty Global Ventures (\u201cLG Ventures\u201d) investment arm, has seen the successful public debut of Skillz (NYSE: SKLZ), the leading mobile games platform. Skillz connects players globally in fair, fun and meaningful competition, and helps developers build and monetize their franchises by enabling social competition to increase reach and engagement. Leveraging its patented technology, Skillz hosts billions of casual esports tournaments for millions of mobile players and distributes millions … <\/p>\n

Continue reading “Liberty Global Ventures\u2019 Mobile Esports Investment Closes Successful Public Market Debut”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-415044","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLiberty Global Ventures\u2019 Mobile Esports Investment Closes Successful Public Market Debut - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/liberty-global-ventures-mobile-esports-investment-closes-successful-public-market-debut\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liberty Global Ventures\u2019 Mobile Esports Investment Closes Successful Public Market Debut - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Liberty Global Ventures\u2019 Mobile Esports Investment Closes Successful Public Market Debut Skillz Marks the First Publicly-Traded Mobile Esports Platform and Liberty Global Ventures\u2019 Most Recent Investment to Go Public DENVER, Colorado–(BUSINESS WIRE)– Liberty Global (Nasdaq: LBTYA, LBTYB and LBTYK), one of the world\u2019s leading converged video, broadband and communications companies, through its Liberty Global Ventures (\u201cLG Ventures\u201d) investment arm, has seen the successful public debut of Skillz (NYSE: SKLZ), the leading mobile games platform. Skillz connects players globally in fair, fun and meaningful competition, and helps developers build and monetize their franchises by enabling social competition to increase reach and engagement. 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