Metro Manila (CNN Philippines, February 10) – DreamFyre group, the Philippines’ rising esports agency, takes a huge step in boosting the sport’s presence locally and internationally.
DreamFyre announced Galaxy Racer Holdings Limited, the fastest-growing esports organization in the world, acquired a majority stake in the company in a move to upgrade its local operations and expand in two Southeast Asian markets within this year.
“The vision of DreamFyre has always been to become a global eSports and gaming agency, to bring Filipino talent onto the global arena; and with this infusion of funds, support, network, and resources by Galaxy Racer, we’re sure to be able to bring that vision into reality in a much shorter time frame,” said Mitch Esguerra, chief executive officer of DreamFyre.
Esguerra also emphasized the acquisition presents an opportunity for Filipino esports athletes and content creators to have a global advertiser base, with a rapidly growing reach of more than 70 million people in 22 countries across social media platforms.
“This acquisition in DreamFyre further reinforces our plans for building a complete ecosystem around eSports, entertainment, lifestyle, and content. GXR DreamFyre will benefit from Galaxy Racer’s international experience and resources and we are committed to this acquisition to fund the growth and support the vision the founders have set for GXR DreamFyre,” said Paul Roy, chief executive officer of Galaxy Racer.
GXR DreamFyre’s eSports teams include 2019 Top 13 Finalist for PUBG ECL Korea and the UE Esports Warriors, who were 2019 ECL PUBG Finalists and belonged to the 2020 National Interschool Cyberleague Valorant Tournament Top 4.
