MTG Enters into Term Sheet with HUYA Inc. Regarding the Forming of a Joint Venture for China Esports Expansion and HUYA Investment into ESL
September 2nd, 2019 08.00am CEST — Modern Times Group MTG AB (MTG) today announces the entering into a binding term sheet and the forming of a strategic joint venture as part of a transaction that allows HUYA Inc. to acquire a minority stake in MTG’s portfolio company ESL.· Modern Times Group MTG AB (MTG) today announces the signing of a term sheet for a new strategic partnership with leading Chinese game live streaming platform HUYA Inc. (Huya). · Pursuant to the term sheet, Huya has agreed to form a joint venture with MTG's portfolio company Turtle Entertainment GmbH (ESL), the