Swedish media giant Modern Times Group (MTG) has entered into an agreement with Chinese live streaming platform provider Huya to expand its ESL eSports operation into China.
MTG has agreed a binding term sheet and formed a strategic joint venture as part of a transaction that allows Huya to acquire a minority stake in MTG’s ESL.
The transaction will further strengthen ESL’s position as a leading eSports operator, with the JV creating a natural alliance to facilitate expansion of ESL’s [...]
