MTG increases ownership in ESL & writes down Zoomin.TV assets
· MTG increases ownership in ESL to 82.48% · MTG writes down assets of Zoomin.TV · Resulting in a net non-cash preliminary gain of SEK 7 million to be reported in Q3 results MTG has increased its ownership in Turtle Entertainment GmbH (Turtle), the world’s largest esports company and operator of the well-known ESL brand, by 8.44% to 82.48% for a cash consideration of EUR 14.3 million (approximately SEK 152 million). MTG has acquired the shares from the founders and members of the management team. Turtle operates leading tournaments such as ESL One and the Intel® Extreme Masters,