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The Wall Street Journal: Meg Whitman invests in esports company Immortals

Meg Whitman, the former chief executive of eBay Inc. EBAY, -1.20% and Hewlett Packard Enterprise Co. HPE, +0.00% , is jumping into esports, the burgeoning business of professional videogame playing.

Whitman has invested in Los Angeles-based Immortals LLC, a global esports company founded in 2015, and will join its board, she said in an interview Monday. Immortals owns and operates an esports franchise, the Los Angeles Valiant, in a league run by videogame publisher Activision Blizzard Inc. ATVI, +0.13% that was launched in January.

It isn’t clear how much she put in but Whitman’s investment values the company at more than $100 million, a person familiar with the matter said.

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