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INTERNET | Internet Software & Services / Gambling
eslgaming.com

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Founded Year

1996

Stage

Corporate Minority | Alive

Total Raised

$31.3M

Last Raised

$30M | 2 yrs ago

About ESL

ESL is an international esports organization that runs large and small esports events and tournaments.

ESL Headquarter Location

Schanzenstrasse 23

Cologne, 51063,

Germany

+49 221-880 449 -0

Latest ESL News

Huya Enters Strategic Partnership With MTG, Includes Minority Stake in ESL

Sep 2, 2019

Chinese livestreaming platform Huya and Swedish media firm Modern Times Group (MTG) have entered into a binding term sheet. The agreement includes a joint venture with MTG portfolio company Turtle Entertainment GmbH (ESL), which Huya will be allowed to acquire a minority stake in. ESL will issue new shares at a value of $22M USD to increase capital for further expansion, and to fund its pro-rata part of the ESL/Huya joint venture company. MTG will expand into the Chinese esports market through a binding term sheet with livestreaming platform Huya . The strategic partnership will include a new joint venture company with MTG portfolio company ESL , of which Huya is able to acquire a minority interest in. Through the joint venture, ESL and Huya are looking to host and build local Chinese esports competitions, which will be linked into ESL’s global tournament calendar. Huya is to acquire $30M worth of primary and secondary shares in ESL, at a pre-money enterprise value of $425M. As part of the deal, ESL will issue new shares at a value of $22M to increase capital to be used for further expansion. “We are pleased to establish a close partnership with ESL, which demonstrates Huya’s 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 Huya CEO Rongjie Dong. This agreement marks ESL’s first new shareholder since MTG’s initial investment in the company in 2015. The news follows a recent announcement that ESL would host an Intel Extreme Masters tournament in Beijing-Haidian in November, and media partnerships throughout the year between Huya and western esports companies, including Team Liquid and ESL. Listed on the New York Stock Exchange , Huya is also minority-owned by Tencent Holdings , with the ESL investment now linking the two companies. You also might be interested in:

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Expert Collections containing ESL

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ESL is included in 1 Expert Collection, including Gaming.

G

Gaming

5,305 items

We define eSports as competitive gaming facilitated by electronic systems, in particular video games played on computers or consoles by professional gamers (though many do it as a hobby or pastime).

ESL Patents

ESL has filed 1 patent.

The 3 most popular patent topics include:

  • Electric power distribution
  • Electrical engineering
  • HVDC transmission lines
patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/31/2019

5/25/2021

Submarine power cables, Mains power connectors, Electric power distribution, Electrical engineering, HVDC transmission lines

Grant

Application Date

10/31/2019

Grant Date

5/25/2021

Title

Related Topics

Submarine power cables, Mains power connectors, Electric power distribution, Electrical engineering, HVDC transmission lines

Status

Grant

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