TG Enters Into Term Sheet With HUYA Inc. Regarding the Forming of a Joint Venture for China Esports Expansion and HUYA Investment Into ESL
HUYA Inc. American depositary shares, each representing one Class A ordinary share (HUYA)
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Source: PR Newswire
STOCKHOLM, Sept. 2, 2019 /PRNewswire/ --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 largest esports company in the world, to facilitate expansion into China, and to acquire a minority interest in ESL. The investment size is USD 30 million made up of both primary and secondary shares.ESL and Huya plan to host and build local Chinese esport competitions connected to the global ESL tournament calendar to ensure maximum Chinese esports athlete participation on a global scale.As part of the tran
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News
- Why HUYA Inc. (HUYA) Is Among the Chinese Penny Stocks to Buy According to Analysts? [Yahoo! Finance]Yahoo! Finance
- HUYA Inc. (NYSE: HUYA) had its price target lowered by analysts at Citigroup Inc. from $5.90 to $5.00. They now have a "buy" rating on the stock.MarketBeat
- HUYA Inc (HUYA) Q3 2024 Earnings Call Highlights: Record Growth in Game-Related Services Amidst ... [Yahoo! Finance]Yahoo! Finance
- HUYA Inc. Reports Third Quarter 2024 Unaudited Financial ResultsPR Newswire
- HUYA Inc. (NYSE: HUYA) was downgraded by analysts at Bank of America Co. from a "buy" rating to a "neutral" rating.MarketBeat
HUYA
Earnings
- 11/12/24 - Beat
HUYA
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/12/24 - Form 6-K
- HUYA's page on the SEC website