Announced
Financials
Tags
e-sports
Friendly
Minority
Pending
Private
Germany
Entertainment
Acquisition
Single Bidder
Synopsis
Tencent-backed Huya, a leading game live streaming platform in China, invested $30m in MTG's portfolio company Turtle Entertainment, the largest e-sports company in the world. "We are excited to announce this term sheet for an important strategic partnership which provides us with a strong partner in Huya to pave the way for a successful ESL expansion into the thriving Chinese esport and gaming market in due time," says MTG President and CEO Jørgen Madsen Lindemann.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.