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MTG takes eSports into China with Huya joint venture

2nd September 2019 9:35 am GMT
esports

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 [...]

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