After announcing the team’s exit from the PBA more than a month ago, Alaska’s PBA franchise will be acquired by Converge ICT Solutions. Financial details of the deal was not disclose.

PBA board approves sale of Alaska franchise to Converge ICT Solutions and an official statement was also released by PBA.

Alaska is undeniably the most storied PBA Franchise, who first joined Asia’s first play for pay league in 1986, winning 14 championships including a grandslam in 1996.