Fnatic has faced persistent merger and acquisition speculation since December 2025, when the organization hired Oakwell Advisory to explore options amid interest from football clubs and sports/media investors at valuations around or below $100 million. By mid-2026, reports indicated the process reached a final stage with multiple offers ranging from minority stakes to full acquisitions, though CEO Sam Mathews publicly confirmed conversations while stressing the brand’s continuity and that “nothing is decided.” As of October 2026, no official announcement has materialized despite a recent insider claim of a completed sale, leaving roster activity and competitive performance in League of Legends, Counter-Strike 2, and Valorant as the primary focus for the organization.