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Stockreport

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)  More Company Research Source: PR Newswire
Last huya inc. american depositary shares, each representing one class a ordinary share earnings: 3/16 06:00 pm Check Earnings Report
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 [Read more]

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Stockreport

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) 
Last huya inc. american depositary shares, each representing one class a ordinary share earnings: 3/16 06:00 pm Check Earnings Report
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 [Read more]

IMPACT SNAPSHOT
EVENT TIME:
HUYA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
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MAX DOWN
Low:
%
POST NEWS RANGE
%
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S&P 500 (SPX)

%

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TICKS

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EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS