Alerts
Spinoff Report
MTGB SS: Exploring First Ever Pure-Play E-Sports Listing in the US
Alongside its Q3FY19 earnings results on October 29, Modern Times Group AB (MTGB SS) announced the initiation of a strategic review of its gaming vertical, potentially leading to an additional listing in the United States (currently one of the biggest e-sports markets in the world). This would be the first pure-play e-sports business listed in the United States and widen the gap between MTGB and its peers in the space. Meanwhile, the anticipated launch of 5G will bring in additional revenue.

  • Investors Recommended to Buy MTGB SS on Compelling New Development / Strategic Review Underway
  • Gaming Vertical Under Review for Joint Venture or Separation / Clarity Likely Disclosed by December 2019
  • Anticipated 5G Launch Will Bring Additional Revenue in the Mid-Term / Management Maintained Guidance
  • MTGB Also Exploring Potential Secondary US Listing as First Domestic Pure-Play E-Sports Business
  • Target Price Maintained / MTGB SS is a Current Spinoff Model Portfolio Holding
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