TG Enters Into Term Sheet With HUYA Inc. Regarding the Forming of a Joint Venture for China Esports Expansion and HUYA Investment Into ESL
Summary
"We are pleased to establish a close partnership with ESL, which demonstrates Huyas further penetration into the global esports sector. Together with ESL, we are thrilled to bring more world class global esports content to Chinese gaming enthusiasts," says Rongjie Dong, Chief Executive Officer of Huya. "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. HUYAs open platform also functions as a marketplace for broadcasters and talent agencies to congregate and closely collaborate with the Company. Huyas open platform also functions as a marketplace for broadcasters and talent agencies to congregate and closely collaborate with the Company.