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Modern Times Group buys 74% of e-sports company Turtle

Wednesday 1 July 2015 | 12:23 CET | News
Modern Times Group (MTG) has signed an agreement to acquire 74 percent of electronic sports company Turtle Entertainment, which trades under the ESL brand. Turtle's revenues are growing by 50 percent per year and the German company expects positive EBIT in 2015. Esports should attract a global audience of 260 million unique online viewers in 2015. MTG said the investment complements its linear and on-demand video entertainment services. MTG is already present in the esports market with its Viagame.com platform, and has broadcast coverage of esports on its television channels.

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Categories: Internet
Companies: Modern Times Group
Countries: Germany
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