16/07/2019 – IDN Media announces the successful acquisition of Indonesia eSports website GGWP.ID marking its entry into the young industry with “massive growth”. The announcement was made through IDN Media CEO, Winston Utomo’s Facebook page. The size of the deal was not mentioned.
Founded in 2014, the firm operates multiple digital media sites and is also active in the creative, events, and marketing scene. GGWP.ID will join IDN Media’s list of digital media roosters namely IDN Times, Popbela.com, Popmama.com, and Yummy.
Utomo said in a press release, “We believe that the esports phenomenon has just begun. With GGWP.ID, we envision to create the biggest and most impactful esports company in the region for Millennials and Gen Z.”
IDN Media envisions GGWP.ID to be the “ESPN of eSports” in Indonesia, changing the stereotypical negative perception of gaming. Focusing instead on the positive aspects of gaming that can improve intelligence, teamwork, focus, and strategic thinking.
Following the acquisition, Ricky Setiawan, the founder of GGWP.ID will continue to act as the CEO of the eSports company.
One of the top companies in its industry, GGWP.ID is run by a team of 60, and divided into four main business units namely eSports Media, eSports Tournament Platform, eSports Team, and eSports Creative.
Together with BEKRAF, Republik Indonesia/IACE (Indonesian Agency for Creative Economy) and AGI (Asosiasi Game Indonesia), GGWP.ID also hosts the largest game event in Indonesia Game Prime. On top of having its own professional eSports team.
Setiawan said: “As a leading media company for millennials and Gen Z in Indonesia, IDN Media can help us reach more audience and accelerate our vision to make eSports available for everyone.”
IDN Media previously raised a Series C funding in January this year led by East Ventures, Sinar Mas, and Yahoo! Japan’s partnership growth fund – EV Growth. Others joining the funding round includes Thai company True Digital & Media Platform, and Line Ventures, the venture arm of Line Corporation who owns LINE Messenger.
This news is published on Reuters.