Digest 312

Huya Announces Formation of Special Committee to Consider Proposal from Tencent

HUYA Inc., a leading game live streaming platform in China, has announced that its Board of Directors has formed a special committee consisting of two independent directors, Mr. Hongqiang Zhao and Mr. Tsang Wah Kwong, to consider the previously announced preliminary non-binding proposal set out in an August 10, 2020 letter from Tencent Holdings Limited. Mr. Zhao chairs the special committee. The special committee has retained Citigroup Global Markets Inc. as its independent financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP as its U.S. legal counsel.

Activision Blizzard Names Major League Baseball Executive Tony Petitti as President of Sports & Entertainment 

Activision Blizzard, Inc. has announced the appointment of Major League Baseball’s Tony Petitti as President of Sports and Entertainment. In his new role, reporting to Activision Blizzard CEO Bobby Kotick, Petitti will oversee esports, consumer products, and film and television. 

“Tony is one of the most highly regarded executives in sports and entertainment,” said Bobby Kotick, Chief Executive Officer of Activision Blizzard. “His success in media and as Deputy Commissioner and Chief Operating Officer of Major League Baseball is the perfect blend of skills to help us realize our aspirations for esports and our related businesses. He is admired by owners, media executives, players and fans.” 

Petitti most recently served as Deputy Commissioner, Business and Media of Major League Baseball and Chief Operating Officer, where he led marketing, broadcasting and media rights sales, the MLB Network, digital content, youth programming and special events. Prior to that, Petitti was President of the MLB Network, which he helped launch from its inception in 2008. 

Before joining MLB, Petitti, a 13-time Emmy-award winner, was executive vice-president and executive producer at CBS Sports where he was responsible for the network’s sports programming and production. He graduated from Haverford College before attending Harvard Law School. 

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