X1 Esports completes acquisition of Octane.GG for $35K

by Adam Fitch  · 
X1 Esports completes acquisition of Octane.GG for $35K
Psyonix/Octane.gg

X1 Esports and Entertainment has closed on the acquisition of Rocket League publication Octane.GG.

The acquisition: It was initially announced on September 15.

  • X1 Esports is paying $35K in cash for the company.
  • Two unnamed individuals previously connected with Octane.GG have now been hired as consultants to continue working on the publication.
  • Perhaps the most valuable aspect of the media company is its data. It's been collecting statistics for games, players, and teams, since 2017, making it a prominent destination for competitive Rocket League information.

The strategy: Rocket League appears to be a priority for the holding company.

  • X1 Esports clearly sees promise in the future of the game, having acquired Rocket League community ShiftRLE in August 2022.
  • Octane.GG will be merged into ShiftRLE to create a "new destination for Rocket League fans," though specific details on the combined entity have not been disclosed at the time of publication.
  • This is the third acquisition for X1 since it became a public company. In July it entered a definitive agreement to acquire talent management firm Tyrus Talent Services for $350K. Its portfolio also includes esports team brand Rix.GG.