MTG
PIF-backed Savvy Gaming acquires ESL Gaming in $1.05bn deal
Savvy Gaming Group, a gaming and esports company owned by Saudi Arabia’s Public Investment Fund, has agreed a deal to acquire ESL Gaming from Sweden-based Modern Times Group in an all-cash transaction g…
MTG appoints new president and CEO, Inglot named CS:GO Pro League commissioner
Esports entertainment company Modern Times Group (MTG) has promoted Maria Redin to group president and chief executive, while Alexander Inglot has been appointed as the first commissioner of the ESL’s C…
ESL and DreamHack sign ‘historic’ revenue-share deal with esports teams
Thirteen leading esports teams have reached an agreement with Modern Times Group-owned companies DreamHack and ESL to participate in their competitions as part of a deal that will grant them a share of…
MTG share price falls as proposed Huya joint venture shelved
Esports entertainment company Modern Times Group (MTG) has seen its share price take a near 14-per-cent hit after announcing the termination of a proposed strategic joint venture with Chinese live-streaming…
ESL looks towards centralisation with layoffs in France, Spain
ESL, Europe's biggest esports tournament organiser, has said that it has cut a number of jobs at its offices in France and Spain as it moves to centralise its global operations to locations in Germany…
MTG undertakes strategic review, targets US listing
Esports entertainment company Modern Times Group (MTG) has today (Tuesday) launched a strategic review of its gaming vertical, which could result in the formation of a joint venture partnership and an…
MTG boosted by Huya investment in ESL
Chinese live-streaming platform Huya has today (Monday) agreed a strategic joint venture with Swedish media company Modern Times Group (MTG) that will see it acquire a minority stake in the latter’s e…