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Modern Times Group (MTG), the parent company of ESL and DreamHack, has entered a binding term sheet with Chinese live streaming platform HUYA.. As things stand, the agreement will see HUYA acquire a minority interest in ESL and form a joint venture with the tournament organiser that focuses on Chinese esports. STOCKHOLM – 21 januari, 2020 08.00am CET — Modern Times Group MTG AB (MTG) offentliggör i dag att bolaget och Huya Inc. (Huya) ömsesidigt beslutat avbryta förhandlingarna om ett slutgiltigt avtal för formandet av ett Joint Venture-bolag för esportexpansion på den kinesiska marknaden och en minoritetsinvestering i MTG:s portföljbolag ESL. MTG said that the deal, if completed, will further strengthen ESL’s position as the leading and largest esports company globally, and the forming of a joint venture between ESL and Huya will create a natural alliance to facilitate expansion of ESL’s offering in the Chinese market. Modern Times Group (MTG; STO: MTG-B) announced that it is entering a binding term sheet with Chinese live streaming platform Huya (NYSE: HUYA) with the intention of forming a joint venture. The agreement will expand ESL esports broadcasts to China while Huya acquires a $30 million USD minority stake in ESL comprised of primary and secondary shares. STOCKHOLM, 22 juli 2020 — Modern Times Group MTG AB:s (publ.) (“MTG”) esport-portföljbolag ESL och DreamHack offentliggör i dag gemensamt ett nytt samarbetsavtal med Huya Inc. (Huya) som innebär att det kinesiska bolaget blir exklusiv mediepartner för distribution på mandarin och andra kinesiska språk och dialekter för ett antal av bolagens stora esport-turneringar. MTG: ESL and DreamHack Extend Streaming Portfolio with Huya Inc Deal 2020-07-23 12:03:05 STOCKHOLM, July 23rd 2020 - Modern Times Group MTG AB's (publ.) ("MTG") esports portfolio companies ESL and DreamHack have today jointly announced the entering into a new agreement with Huya Inc (Huya) as exclusive digital media partner of major esports competitions in Mandarin-language and other Chinese ESL and DreamHack today announced the one-year deal with Huya, a leading game live-streaming platform in China.

The agreement will expand ESL esports broadcasts to China while Huya acquires a $30 million USD minority stake in ESL comprised of primary and secondary shares. As a whole, ESL is estimated to be worth $425 million. Chinese livestreaming platform Huya and Swedish media firm Modern Times Group (MTG) have entered into a binding term sheet. The agreement includes a joint venture with MTG portfolio company Turtle Entertainment GmbH (ESL), which Huya will be allowed to acquire a minority stake in.

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ESL and Huya aim to host Chinese events and bring add them to the ESL Global Calendar. STOCKHOLM, 22 juli 2020 — Modern Times Group MTG AB:s (publ.) (“MTG”) esport-portföljbolag ESL och DreamHack offentliggör i dag gemensamt ett nytt samarbetsavtal med Huya Inc. (Huya) som innebär att det kinesiska bolaget blir exklusiv mediepartner för distribution på mandarin och andra kinesiska språk och dialekter för ett antal av bolagens stora esport-turneringar. july 23 (reuters) - modern times group mtg ab: * modern times group mtg esports portfolio companies esl and dreamhack have today jointly announced entering into a new agreement with huya inc (huya) MTG shares leapt as much as 25% on Monday after the Swedish e-sports and gaming firm said Chinese live streaming platform Huya would buy a stake in its Turtle Entertainment (ESL Pursuant to the term sheet, Huya has agreed to form a joint venture with MTG's portfolio company Turtle Entertainment GmbH (ESL), the largest esports company in the world, to facilitate expansion Image credit: ESL. RELATED: ESL and DreamHack enter three-year broadcast deal with Twitch. The deal comes after negotiations between Modern Times Group (MTG), the parent company of ESL and DreamHack, and HUYA collapsed in January, resulting in MTG’s share price to fall 15.08 percent when the announcement was made.

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MTG offentliggör sammanslagning av dess ledande esportbolag ESL Gaming och ESL och DreamHack i nytt avtal med Huya Inc. kring streaming av esport till Samma dag kom nyheten att ESL och Dreamhack har ingått ett nytt samarbetsavtal med den kinesiska spelutgivaren Huya. Avtalet innebär att Samma dag kom nyheten att ESL och Dreamhack har ingått ett nytt samarbetsavtal med den kinesiska spelutgivaren Huya. Avtalet innebär att Samma dag kom nyheten att ESL och Dreamhack har ingått ett nytt samarbetsavtal med den kinesiska spelutgivaren Huya. Avtalet innebär att Samma dag kom nyheten att ESL och Dreamhack har ingått ett nytt samarbetsavtal med den kinesiska spelutgivaren Huya. Avtalet innebär att Samma dag kom nyheten att ESL och Dreamhack har ingått ett nytt samarbetsavtal med den kinesiska spelutgivaren Huya. Avtalet innebär att Huya är en stor digital plattform fokuserad på livesänt, streamat innehåll.

Huya, backed by internet giant Tencent <0700.HK>, will invest $30 million in ESL, giving the whole of ESL an enterprise value of $425 million, MTG said.
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Huya:s investering i ESL motsvarade en värdering på MTG rusar med som mest 23 procent i den inledande handeln efter morgonens nyhet om en investering i portföljbolaget ESL från Tencent-backade Huya. Butdelning mtg b2020. MTG offentliggör ömsesidigt beslut — MTG investerar 152 miljoner i esportbolaget Turtle, känt under ESL. Kinnevik-ägda MTG meddelar i dag att ett avtal har ingåtts om att köpa 35 Huya:s investering i ESL motsvarade en värdering på 425 miljoner Att MTG och Huya avbröt förhandlingarna i januari var ett bakslag.

Announced in September last year, the Chinese live streaming platform was to acquire a minority interest in, and form a joint venture with, ESL. Modern Times Group (MTG) and Chinese live-streaming website Huya.Inc have entered a binding term sheet which will allow Huya Inc. to acquire a minority stake in MTG’s portfolio company ESL. The announcement comes in the form of a joint venture between MTG and Huya Inc. which will help ESL expand into the Chinese market.
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The agreement will see the ESL Pro Tour for CS:GO and Dota 2 live streamed exclusively to Huya in 2020, delivering a dedicated stream in standard Mandarin and other Chinese languages and dialects. ESL’s value would increase to USD 455 million and Huya Inc. will own a 6.6% stake in ESL. This is the first major investment and shareholder in ESL following MTG’s investment in 2015. ESL and Huya aim to host Chinese events and bring add them to the ESL Global Calendar. STOCKHOLM, 22 juli 2020 — Modern Times Group MTG AB:s (publ.) (“MTG”) esport-portföljbolag ESL och DreamHack offentliggör i dag gemensamt ett nytt samarbetsavtal med Huya Inc. (Huya) som innebär att det kinesiska bolaget blir exklusiv mediepartner för distribution på mandarin och andra kinesiska språk och dialekter för ett antal av bolagens stora esport-turneringar. july 23 (reuters) - modern times group mtg ab: * modern times group mtg esports portfolio companies esl and dreamhack have today jointly announced entering into a new agreement with huya inc (huya) MTG shares leapt as much as 25% on Monday after the Swedish e-sports and gaming firm said Chinese live streaming platform Huya would buy a stake in its Turtle Entertainment (ESL Pursuant to the term sheet, Huya has agreed to form a joint venture with MTG's portfolio company Turtle Entertainment GmbH (ESL), the largest esports company in the world, to facilitate expansion Image credit: ESL. RELATED: ESL and DreamHack enter three-year broadcast deal with Twitch. The deal comes after negotiations between Modern Times Group (MTG), the parent company of ESL and DreamHack, and HUYA collapsed in January, resulting in MTG’s share price to fall 15.08 percent when the announcement was made. ESL and DreamHack, both owned by Sweden's e-sports and gaming firm MTG , have entered a partnership agreement with live streaming platform Huya as the Swedish company seeks to 2019-09-02 Huya, the China-based company, investment size will include primary and secondary shares in ESL, along with pre-money enterprise value of ESL of $425 million, according to a statement released by Modern Times Group MTG AB on Monday.