• Loading stock data...
Wednesday, September 17, 2025

Top Chess Player, Platform Join Forces in $82.9M Deal

  • Chess.com has agreed to acquire world champion Magnus Carlsen’s Play Magnus Group for $82.9 million.
  • The move brings together the game’s best player and largest platform.
Rights-free image / FOS

The world’s top chess player is joining forces with the game’s biggest online platform.

Play Magnus Group, founded by world champion Magnus Carlsen, has accepted an $82.9 million acquisition offer from Chess.com. The deal is expected to be completed in six-to-eight weeks.

  • Chess.com has more than 90 million members and hosts over 10 million games per day. 
  • Play Magnus offers four chess playing and training apps for a bundled monthly subscription of $14.17.
  • Both companies also host a range of tournaments.

Play Magnus owns several other brands, including training platform Chessable and the kid-focused Magnus Chess Academy. The company’s stock jumped more than 20% on Thursday in the wake of the news.

Good to Be King

Carlsen took home $1.2 million after successfully defending his title at the FIDE World Chess Championship last year against Ian Nepomniachtchi. 

He was 2020’s top earner in esports prize money with $510,587. Fellow grandmasters Hikaru Nakamura (7th, $324,645) and Wesley So (12th, $246,180) also made the list, which was otherwise dominated by “Call of Duty” players.

Carlsen, who has been world champion since 2013, stunned the chess world in July by announcing he would not defend his title. 

He continues to play in top-level tournaments, most recently winning the FTX Crypto Cup this month — part of this year’s nine-month Meltwater Champions Chess Tour, in which Carlsen has earned the most prize money winner to date, $146,500.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Sponsored

Top Esports Athletes Will Compete for National Glory in the Esports Nations..

The new biennial event, starting in 2026, kicks off a monumental next era for esports.
Magnus-Carlsen-Chess

The Most Heated Rivalry in Chess Is Back After Two Years

The world’s best player will face the man he accused of cheating.

Esports Winter: NBA 2K League Hits Pause Button Amid Industry Decline

The previously high-profile esports league is now effectively on hiatus amid widespread layoffs.

IOC Proposes Holding Separate Olympics for Esports

The organization’s executive board has proposed a separate Olympics for online gaming.

Featured Today

Premier Lacrosse League

‘The Circus Is Coming to Town’: Why Upstart Leagues Start on Tour

In their ambitious plans, a traveling schedule is only temporary.
PHILADELPHIA, PENNSYLVANIA - APRIL 19: A detailed view of the MLB Debut patch on the jersey of Patrick Monteverde #44 of the Miami Marlins prior to game against the Philadelphia Phillies at Citizens Bank Park on April 19, 2025 in Philadelphia, Pennsylvania.
September 13, 2025

The Tiny Jersey Patch at the Center of the MLB Rookie Card..

Autographed cards containing a piece of baseball history have upended the market.
September 11, 2025

Eagles-Chiefs Super Bowl Rematch Could Set More NFL Ratings Records

Fox will nationally televise Sunday afternoon’s matchup.
September 10, 2025

ESPN’s ‘MNF’ Ratings Up 8% As NFL Surges to Strong Start

ESPN posts its second-best Week 1 “Monday Night Football” audience.

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
June 24, 2025

Timberwolves’ 4-Year Ownership Saga Ends As A-Rod, Lore Take Over

The unanimous approval brought a clean end to a long-disputed transaction.
Apr 26, 2025; San Francisco, California, USA; Houston Rockets guard Fred VanVleet (5) before game three of first round for the 2024 NBA Playoffs against the Golden State Warriors at Chase Center.
June 25, 2025

Rockets Get $20 Million in Wiggle Room From New VanVleet Deal

VanVleet first signed with the Rockets in 2023.
Sponsored

How World Series Champ Dexter Fowler Became a Premier League Team Owner

Dexter Fowler discusses navigating retirement and embracing new roles as an owner & investor.
April 20, 2025

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.
March 20, 2025

Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market

Maxx Crosby just signed a three-year, $106.5 million extension.