- According to a review conducted by the Financial Reporting Council, many large listed companies are prioritising “strict compliance” (i.e. box-ticking) while failing to improve corporate culture and diversity.
Esports & gaming:
- A list of 2019’s ten largest esports investments by disclosed transaction amounts. The Esports observer tracked US$1.95bn in esports investments (down from US$4.52bn in 2018, in part due to Tencent Holding’s disclosed investments declining from US$1.9bn to US$40m during 2019).
- A Tencent-led investment group including Tencent Music Entertainment and others has agreed to acquire 10% of the Universal Music Group from French media conglomerate Vivendi. The deal is expected to close by the end of H1 2020.
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