Image credit: Vivo Keyd Stars
Brazilian esports organisations Vivo Keyd and Stars Horizon have merged under a combined management structure.
The new organisation will be called ‘Vivo Keyd Stars’, a clear reference to the organisations’ prior names.
According to Forbes, the newly formed organisation has a valuation of R$100m (~£16.94m). The new management board is formed by President Pedro Schmidt (Stars Horizon), Vice-President Edu Kim (Vivo Keyd), CEO Hugo Tristão (Newzoo) and CMO Henrique Marques.
Vivo Keyd Stars is also reinforcing its staff with personnel coming from companies including Garena, communication conglomerate Globo and fitness content platform FitDance.
“In order to deliver everything we intend for the community, we have already reinforced our internal team with the arrival of more than 20 professionals, who are people already inserted in the gaming universe and outside it, and who have the objective of bringing new business visions,” said Tristão in the organisation’s press release.
“In the first step, we unified the operations and strengthened, mainly, our Marketing and Commercial areas, and we hope to start this great project on the right foot.”
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The acquisition reinforces rumours that Vivo Keyd Stars is the organisation buying Miners’ spot at the Brazilian League of Legends Championship (CBLOL) franchise. In August, Esports Insider confirmed that Miners had advanced negotiations for the spot. The name “Keyd Stars” is also a throwback to the season when the organisation won its sole title of the CBLOL in 2014.
After being left out of the CBLOL franchise in 2020, Vivo Keyd went through a restructuring that ultimately led to titles in other games like VALORANT and Free Fire. The Vivo Keyd Stars tag debut will be in the Free Fire World Series (FFWS) in Bangkok, Thailand, on November 25th.
Victor Frascarelli, Journalist
Victor Frascarelli is a Brazilian esports business journalist focused on the LATAM market. Previously at The Esports Observer for two years, Victor enjoys all things competitive, from League of Legends to football to chess to CS:GO.
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