On December 31, 2015, it was reported that "substantially all" of MLG's assets had been acquired by Activision Blizzard for $46 million, and that CEO Sundance DiGiovanni would be replaced by MLG's former CFO Greg Chisholm. Activision Blizzard operates its own in-house e-sports division, Activision Blizzard Media Networks, led by veteran sports television executive Steve Bornstein, MLG co-founder Mike Sepso, and its acquisition of assets from the defunct IGN Pro League. Activision Blizzard owns the "Call of Duty" and "Starcraft" franchises—which have been popular as e-sports. Reports indicated that MLG was to be shuttered, and that the majority of the purchase price would go towards paying off the company's debt.