is driving a merger of Twitch-like game streaming platforms Douyu and Huya , as it seeks to consolidate its dominance in the industry. Tencent has been reportedly pushing for the merger … Huya has agreed a deal to acquire fellow live streaming service DouYu in a stock-for-stock merger deal that is set to create a live online gaming streaming … The streaming landscape has experienced its second major shakeup this year with Huya’s merger with DouYu on October 12, 2020.Huya and DouYu are … Ltd. booked a loss, amid continuing uncertainties about the future merger of the companies both of which are backed by internet giant Tencent Holdings Ltd. Log In Receive full access to our market insights, commentary, newsletters, breaking news … Huya will acquire all outstanding shares of DouYu in a stock-for-stock merger at an exchange ratio of 0.73 shares of Huya per share of DouYu. At the close of trading today, Tencent rose 2% to HK$561 per share. Keep tabs on your portfolio, search for stocks, commodities, or mutual funds with screeners, customizable chart indicators and technical analysis. The new merger will see the two companies combine … Already a majority owner in Huya at 50.1% and a 38% stake in DouYu , Tencent will hold a controlling share in the new merged company with a voting share proportion of 67.5%. Tencent, which is Huya’s biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. HUYA’s Merits. DouYu International Holdings Limited (NASDAQ: DOYU) and HUYA Inc. (NYSE: HUYA) announced entry into an agreement to merge. HUYA Inc. ... or other circumstances that could give rise to the right of one or both of Huya and DouYu to terminate the definitive merger agreement between Huya and DouYu… According to the latest esports news, the total value of Douyu is about $4.7 billion, while Huya is estimated at the level of $5.8 billion. By Danielle Partis, Editor. First revealed last October, the planned tie-up of New York-listed Huya and Nasdaq-listed DouYu under Tencent’s live-streaming unit Penguin Esports would … DouYu will be acquired by fellow Chinese streaming company Huya in an all-share deal. Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. (Reuters) - Huya Inc will buy DouYu International Holdings Ltd in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. A stock-for-stock merger is an alternate form for an acquiring company to gain the assets … BEIJING (Reuters) - China's market regulator said on Monday it is investigating the merger between Tencent-backed live game-streaming companies Douyu International Holdings and … Yesterday, we heard rumors that Tencent is encouraging online gaming streamers DouYu (ticker DUYA) and Huya (ticker HUYA) to pursue a merger. GUANGZHOU, China, May 18, 2021 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in … A Huya spokesperson said the company has applied to the antitrust watchdog for a review of the proposed merger and will cooperate with the regulator. The Chinese social media titan -- which owns a 37% stake in Huya and 38% of DouYu -- has been discussing such a merger with the duo over the … Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. Tencent, which is Huya… DouYu will receive 0.730 American depositary shares of Huya, representing a premium of 34.5% to DouYu's last close of $14, valuing it at nearly $6 billion, according to Reuters calculation based on 317.5 million shares. Even though the shareholders of both live broadcasters will gain about half of the voting power, Douyu will now be acting under the control of a Chinese gaming giant that will have about 67% of all stocks. Huya and Douyu said in separate statements on Monday that they have received a letter from Tencent proposing a stock-for-stock merger between the … Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. Although Huya and DouYu were competitors before the merger, both entities were heavily backed by Tencent, as is the case with most companies involved in … DouYu will receive 0.730 American depositary shares of Huya, representing a premium of 34.5% to DouYu's last close of $14, valuing it at nearly $6 … Huya Inc will buy Douyu in a stock-for-stock merger deal, the companies said in October. The merger is expected to close jn the first half of 2021 and is a stock-for-stock merger. Joyy Inc (NASDAQ: YY), a large shareholder in Huya, provided written consent for the merger deal. DouYu will receive 0.730 American depositary shares of Huya, representing a premium of 34.5% to DouYu's last close of $14, valuing it at nearly $6 billion, according to Reuters calculation based on 317.5 million shares. This has, however, triggered concerns, said … DouYu’s press release confirmed that its board of directors is reviewing and evaluating the proposal. At the close of the merger, each ordinary share of DouYu … Huya and Douyu (NASDAQ:DOYU), the two top players in the Chinese gaming livestreaming sector, have agreed to a blockbuster merger after a half-decade of rivalry, cementing the dominance of Tencent—a shareholder for both companies—in the lucrative gaming industry, as ByteDance grows in the field on the back of its popular short video apps.. Keep tabs on your portfolio, search for stocks, commodities, or mutual funds with screeners, customizable chart indicators and technical analysis. Executives at Tencent Holdings Ltd. are driving discussions aimed at brokering a merger between leading Chinese streaming platforms Huya Inc. and DouYu International Holdings Ltd., in which the company owns stakes of 37% and 38% respectively. The board of directors of DouYu also unanimously resolved to recommend that DouYu's shareholders vote to approve the Merger Agreement and the Merger. Tencent has been reportedly pushing for the merger … Even though the shareholders of both live broadcasters will gain about half of the voting power, Douyu will now be acting under the control of a Chinese gaming giant that will have about 67% of all stocks. (Reuters) - Huya Inc will buy DouYu International Holdings Ltd in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday.. Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. Tencent, which is already Huya's biggest shareholder and also owns over a third of Douyu, has been pushing the deal for months, four sources familiar with … Huya will buy DouYu International Holdings in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger … Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger (the “Merger”). Huya will pay $200 million in cash dividends … According to reports in Chinese local media, Huya and DouYu jointly announced that the two parties have signed a "merger agreement and plan". Even though the shareholders of both live broadcasters will gain about half of the voting power, Douyu will now be acting under the control of a Chinese gaming giant that will have about 67% of all stocks. DouYu and Huya, China’s top game video-streaming sites backed by internet giant Tencent Holdings, said they are still on track to merge just three months after the country’s antitrust watchdog flagged concerns about the deal. This major merger will apparently require the company to agree to certain terms. Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. As a result of the merger, which is expected to close during the first half of 2021, DouYu … (Reuters) - Huya Inc (N: HUYA) will buy DouYu International Holdings (NASDAQ: DOYU) Ltd in a stock-for-stock merger deal, the Chinese live game … Nevertheless, they both added substantial MAUs and mobile MAUs, cementing as leaders in Asia's eSports streaming. If completed, DouYu will become a privately-held, and a wholly-owned affiliate of Huya and DouYu ADSs will no longer be listed on the Nasdaq if the merger is completed. Tencent, Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months. Chinese streaming platforms Huya and DouYu have entered into a merger agreement.. Tencent announced for the first time last year that it plans to merge China’s two largest online streaming platforms, Huya and DouYu. China’s top game livestreamer Huya Inc. recorded a profit in the first quarter of this year, while its rival Douyu International Holdings. A dds share movement, details on agreement, background on sector. Huya responded by saying it had no comment. DouYu … Ever since announcing that they were going to buy their competitor DouYu stock, HUYA stock shares dropped a fat 15% two days in a row. DouYu-Huya Merger Faces Investigation by Chinese Regulators, 37 Interactive Entertainment Invests in All Gamers 12/18/2020 Last week was a milestone in the history of esports – for the first time, esports has been approved by the Olympic Council of Asia (OCA) as a medaled sport in the 2022 Asian Games in Hangzhou, China. News. (Reuters) - Huya Inc will buy DouYu International Holdings Ltd in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. View more. Rongjie Dong, the Huya CEO, and Shaojie Chen, his DouYu counterpart, will be the Co-CEOs of the merged group. Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. China’s two largest games live streaming companies Huya and DouYu, both of which have U.S. share listings, are to merge.The deal was initiated by social media, games and streaming giant Tencent.. Huya and Douyu (NASDAQ:DOYU), the two top players in the Chinese gaming livestreaming sector, have agreed to a blockbuster merger after a half-decade of rivalry, cementing the dominance of Tencent—a shareholder for both companies—in the lucrative gaming industry, as ByteDance grows in the field on the back of its popular short video apps.. As a result of the merger, DouYu will become a wholly-owned subsidiary of Huya. Huya and Douyu are the top two game-streaming platforms in China, together taking up about an 80% market share. Pursuant to the merger agreement, DouYu stockholders will receive either 7.30 shares of HUYA … Huya and Douyu are the top two game-streaming platforms in China, together taking up about an 80% market share. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger … HUYA’s forward P/E is a bit higher than DOYU’s, coming in at 35.16. Huya also announced today that, in accordance with the terms of the Merger Agreement, its board of directors approved a cash dividend in an aggregate amount of US$200,000,000 to be paid on or around the date of the closing of the Merger and in no event later than 20 days after the closing of the Merger to the holders of ordinary shares of Huya whose names appear on Huya's register of members … The merger would make a … When the merger specific deals was first announced, we see Huya drop by roughly 10-15% while DouYu rose by 10-15%. Huya is significantly shorter at 10-30% range, and now more so for people who are trying to take advantage of the arbitrage differences in price. Yahoo Finance's On the Move panel discuss today's Stocks on the Move; Huya and DouYu and Twilio. On October 12, 2020, DouYu announced that it had signed an agreement to be acquired by HUYA. First revealed last October, the planned tie-up of New York-listed Huya and Nasdaq-listed DouYu under Tencent’s live-streaming unit Penguin Esports would … Chinese gaming giant Tencent holds discussions to merge two China-based streaming platform Huya and DouYu into a single colossal game-streaming platform with 300 million users and combined market value of $10B Yahoo Finance's On the Move panel discuss today's Stocks on the Move; Huya and DouYu and Twilio. Chinese streaming platforms Huya and DouYu have entered into a stock-for-stock merger agreement, mediated by Tencent Holdings . Chinese live streaming platforms Huya and DouYu have entered an agreement to merge. Currently, Tencent owns 36.9 percent of Huya's shares and a 50.9 percent voting stake, as well as a 38 percent equity and voting stake in Douyu. Joining forces makes sense. As a result of the merger, which is expected to close during the first half of 2021, DouYu … JOYY Inc., Huya's significant shareholder, has also provided its written consent to the execution, delivery and performance of the Merger Agreement by Huya and the Merger Sub and the consummation of the transactions contemplated under the Merger Agreement pursuant to Huya's currently effective memorandum and articles of association. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger … DouYu will be acquired by fellow Chinese streaming company Huya in an all-share deal. DouYu International Holdings ( DOYU) - Get Report was soaring Monday following its agreement to be acquired by fellow Chinese streaming company Huya ( HUYA) - Get Report in an all-share deal. DouYu will receive 0.730 American depositary shares of Huya, representing a premium of 34.5% to DouYu's last close of $14, valuing it at nearly $6 billion, according to Reuters calculation based on 317.5 million shares. Under the merger agreement, Huya will acquire all of Douyu’s outstanding shares, … Chinese live streaming platforms Huya and DouYu have entered an agreement to merge. Get a real-time HUYA Inc. (HUYA) stock price quote with breaking news, financials, statistics, charts and more. Post merger, Huya and DouYu shareholders will each hold approximately 50% shares of the combined company on a fully diluted basis. According to the latest esports news, the total value of Douyu is about $4.7 billion, while Huya is estimated at the level of $5.8 billion. Huya will buy DouYu International Holdings in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger … DouYu and Huya, China’s top-ranked video-streaming sites for gamers, hold nearly 90 per cent of the market, putting them under the scrutiny of antitrust regulators. So, every DOYU share will be converted into a HUYA share with a conversion factor of 0,73. News This Week in Asia: Huya and DouYu merger, Com2uS acquisition and Pakistan's TikTok block Our roundup of the latest news and updates from Asian territories . Revenues increased 8% to RMB2.60 billion ($397 million) and net income edged ahead by … HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced its unaudited financial results … Huya, a leading Chinese live-streaming platform that specialises in esports content, has agreed to buy fellow live-streaming platform Douyu in a stock-for-stock merger deal that will create a Chinese gaming-streaming giant with a market value of more than $11 billion. However, Q3 results show their financials have moved in opposite directions. Yesterday we heard rumors that Tencent would inspire online game streamers DouYu (ticker DUYA) and Huya (ticker HUYA) to look for a merger. create a single dominant player with more than 300 million users, making Tuesday, October 27, 2020. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a … Currently, Tencent owns a 37% stake in Huya and 38% of the equity in DouYu and has been discussing the merger with the two parties over the past few months, the report said. Rongjie Dong, the Huya CEO, and Shaojie Chen, his DouYu counterpart, will be the Co-CEOs of the merged group. Douyu replied to Chinese media 36Kr that it was unaware of the situation and would not comment. Additionally, DouYu and Tencent have entered an agreement by which Tencent will assign its … Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. The two firms announced their merger plan on Oct. 12 and hoped to finish the process in the first half of this year. DouYu-Huya Merger Being Reviewed by China Under Anti-Monopoly Rules Credit: Sina Games On Dec. 14 , China’s State Administration for Market Regulation (SAMR) announced that the government has started to investigate the merger between DouYu and Huya , which focuses on the concentration of undertakings in Variable Interest Entity (VIE). The business combination is expected to close during the first half of 2021. Tencent, which is Huya’s biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. Their combined market valuations are now about $8.5 billion. (https://reut.rs/33QxpFt) DouYu will […] The MarketWatch News Department was not involved in the creation of this content. Based on the agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger. China’s market regulators have initiated an investigation into the merger of Tencent Holdings ADR (OTC: TCEHY)-backed live streaming platform Douyu International Holdings Ltd (NASDAQ: DOYU) and video game publisher and live streamer Huya Inc ADR (NYSE: HUYA), Reuters reports.. What Happened: The Huya-Douyu merger deal announced in October, an all-stock deal, was initiated after … News; October 16th, 2020 - 04:30pm. Huya, with which DouYu may be merged if regulators permit, had a slightly more buoyant time. The Merger Between Huya and Douyu Could Create Enormous Shareholder Value. Once completed, Douyu will delist from the Nasdaq to become a privately held unit of Huya, while Tencent will become the controlling shareholder with 67.5 percent of the voting rights in the new company. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a … 2, and together they control over 80% of the Chinese market. Executives at Tencent Holdings Ltd. are driving discussions aimed at brokering a merger between leading Chinese streaming platforms Huya Inc. and DouYu International Holdings Ltd., in which the company owns stakes of 37% and 38% respectively. Merger. DouYu (NASDAQ:DOYU) is up 4.1% premarket and Huya (NYSE:HUYA) up 3.8% as Tencent (OTCPK:TCEHY) has proposed a stock-for-stock merger of the two companies, via an acquisition by Huya. Huya is the most popular online gaming site in China while DouYu is No. A merger between China’s biggest video game livestreaming platforms, Huya and Douyu International Holdings, could help cement Tencent Holdings’ lead as the largest video game company in its home country amid a turbulent geopolitical environment, experts say. First, each DouYu share will convert into 0.73 shares of Huya, and post-merger each shareholder base will roughly own 50% of the combined business (roughly a $10 billion market cap). Why it matters: Huya has reportedly agreed to buy out Chinese game streaming competitor DouYu. Huya, with which DouYu may be merged if regulators permit, had a slightly more buoyant time. When the deal is completed, it would create a … At this point, more than a year after being rumored to merge, two major domestic live streaming platforms Huya and Douyu finally put down their feud and became a family. China’s two largest games live streaming companies Huya and DouYu, both of which have U.S. share listings, are to merge. Get a real-time HUYA Inc. (HUYA) stock price quote with breaking news, financials, statistics, charts and more. Revenues increased 8% to RMB2.60 billion ($397 million) and net income edged ahead by … Total net revenues in the first quarter of 2021 were RMB2,152.7 million (US$328.6 million), compared with RMB2,278.0 million in the same period of … As part of the agreement, NYSE-listed Huya will acquire all the outstanding shares of Nasdaq-listed DouYu, including ordinary shares represented by ADS, through a stock-for-stock merger. Written by Jonathan Easton; 13th October 2020 @ 11:35; Game streaming platform Huya has announced an all-share deal to buy competitor DouYu in a move which will create an esports empire worth more than US$11 billion. DouYu will be acquired by fellow Chinese streaming company Huya in an all-share deal. The merger of Huya and DouYu, both backed by Tencent, would establish the undisputed leader of China’s fast-growing video game-streaming market. Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. If completed, DouYu will become a privately-held, and a wholly-owned affiliate of Huya and DouYu ADSs will no longer be listed on the Nasdaq if the merger is completed. Yahoo Finance's On the Move panel discuss today's Stocks on the Move; Huya and DouYu and Twilio. Get a real-time HUYA Inc. (HUYA) stock price quote with breaking news, financials, statistics, charts and more. Pursuant to the merger agreement, DouYu stockholders will receive either 7.30 shares of HUYA common stock for each share of DouYu common stock owned or 0.73 shares of HUYA common stock for each DouYu American Depositary Share (“ADS”) owned. HUYA Inc. a leading game live streaming platform in China today announced its unaudited financial results for the first quarter ended March 31, 2021 . The merger, which is … Huya and DouYu confirm merger to create US$11 billion Twitch rival controlled by Tencent. TENCENT (00700.HK) +2.500 (+0.417%) Short selling $1.16B; Ratio 11.037% will have to make major concessions in the merger between Huya and DouYu… Currently, HUYA and DouYu dominate China’s video game streaming market; a merger would create a company with 300 million users with a $10 billion market value. Written by Jonathan Easton; 13th October 2020 @ 11:35; Game streaming platform Huya has announced an all-share deal to buy competitor DouYu in a move which will create an esports empire worth more than US$11 billion. Precedence Research, Recently Published Report on “Machine Tools Market Size, Share, Growth, Trends Analysis, Regional Outlook, and Forecasts, 2021 - 2030”OTTAWA, May 11, 2021 (GLOBE NEWSWIRE) -- The global machine tools market size is expected to be worth around US$ 115 billion by 2030 from US$ 78.7 billion in 2020, growing with a CAGR of 4.4% during the forecast period 2021 to … Ltd. booked a loss, amid continuing uncertainties about the future merger of the companies both of which are backed by internet giant Tencent Holdings Ltd. DouYu … Log In Receive full access to our market insights, commentary, newsletters, breaking news … The merger would make a lot of sense for Tencent, who has an interest in both. News provided by. Huya DouYu Merger is a Sign of Things to Come in Esports M&A. As per the letter dated August 10, 2020, Tencent proposes for merger of DouYu and Huya. The deal is expected to close within the first half of 2021 and will see DouYu become a subsidiary of Huya. HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced its unaudited financial results … The merger’s completion will result in DouYu becoming a privately-held and wholly-owned subsidiary of Huya… Announcing the Huya-DouYu plan last October, Tencent said it aimed to fold its own fully-owned videogame live-streaming business into the combined businesses of Huya and DouYu after the merger under its Penguin arm. Huya Inc will buy DouYu International Holdings Ltd in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. (Reuters) – Huya Inc HUYA.N will buy DouYu International Holdings Ltd DY8Ay.F in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. Praline Pronunciation, Onenote Lasso Select Shortcut, Rolaskatox Manchester, Gracias Negrito Translation To English, Live Streaming Liga Champions 2020, Building Collapse Due To Foundation Failure, Tuchel Record At Chelsea, College Players In The G League, " /> is driving a merger of Twitch-like game streaming platforms Douyu and Huya , as it seeks to consolidate its dominance in the industry. Tencent has been reportedly pushing for the merger … Huya has agreed a deal to acquire fellow live streaming service DouYu in a stock-for-stock merger deal that is set to create a live online gaming streaming … The streaming landscape has experienced its second major shakeup this year with Huya’s merger with DouYu on October 12, 2020.Huya and DouYu are … Ltd. booked a loss, amid continuing uncertainties about the future merger of the companies both of which are backed by internet giant Tencent Holdings Ltd. Log In Receive full access to our market insights, commentary, newsletters, breaking news … Huya will acquire all outstanding shares of DouYu in a stock-for-stock merger at an exchange ratio of 0.73 shares of Huya per share of DouYu. At the close of trading today, Tencent rose 2% to HK$561 per share. Keep tabs on your portfolio, search for stocks, commodities, or mutual funds with screeners, customizable chart indicators and technical analysis. The new merger will see the two companies combine … Already a majority owner in Huya at 50.1% and a 38% stake in DouYu , Tencent will hold a controlling share in the new merged company with a voting share proportion of 67.5%. Tencent, which is Huya’s biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. HUYA’s Merits. DouYu International Holdings Limited (NASDAQ: DOYU) and HUYA Inc. (NYSE: HUYA) announced entry into an agreement to merge. HUYA Inc. ... or other circumstances that could give rise to the right of one or both of Huya and DouYu to terminate the definitive merger agreement between Huya and DouYu… According to the latest esports news, the total value of Douyu is about $4.7 billion, while Huya is estimated at the level of $5.8 billion. By Danielle Partis, Editor. First revealed last October, the planned tie-up of New York-listed Huya and Nasdaq-listed DouYu under Tencent’s live-streaming unit Penguin Esports would … DouYu will be acquired by fellow Chinese streaming company Huya in an all-share deal. Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. (Reuters) - Huya Inc will buy DouYu International Holdings Ltd in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. A stock-for-stock merger is an alternate form for an acquiring company to gain the assets … BEIJING (Reuters) - China's market regulator said on Monday it is investigating the merger between Tencent-backed live game-streaming companies Douyu International Holdings and … Yesterday, we heard rumors that Tencent is encouraging online gaming streamers DouYu (ticker DUYA) and Huya (ticker HUYA) to pursue a merger. GUANGZHOU, China, May 18, 2021 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in … A Huya spokesperson said the company has applied to the antitrust watchdog for a review of the proposed merger and will cooperate with the regulator. The Chinese social media titan -- which owns a 37% stake in Huya and 38% of DouYu -- has been discussing such a merger with the duo over the … Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. Tencent, which is Huya… DouYu will receive 0.730 American depositary shares of Huya, representing a premium of 34.5% to DouYu's last close of $14, valuing it at nearly $6 billion, according to Reuters calculation based on 317.5 million shares. Even though the shareholders of both live broadcasters will gain about half of the voting power, Douyu will now be acting under the control of a Chinese gaming giant that will have about 67% of all stocks. Huya and Douyu said in separate statements on Monday that they have received a letter from Tencent proposing a stock-for-stock merger between the … Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. Although Huya and DouYu were competitors before the merger, both entities were heavily backed by Tencent, as is the case with most companies involved in … DouYu will receive 0.730 American depositary shares of Huya, representing a premium of 34.5% to DouYu's last close of $14, valuing it at nearly $6 … Huya Inc will buy Douyu in a stock-for-stock merger deal, the companies said in October. The merger is expected to close jn the first half of 2021 and is a stock-for-stock merger. Joyy Inc (NASDAQ: YY), a large shareholder in Huya, provided written consent for the merger deal. DouYu will receive 0.730 American depositary shares of Huya, representing a premium of 34.5% to DouYu's last close of $14, valuing it at nearly $6 billion, according to Reuters calculation based on 317.5 million shares. This has, however, triggered concerns, said … DouYu’s press release confirmed that its board of directors is reviewing and evaluating the proposal. At the close of the merger, each ordinary share of DouYu … Huya and Douyu (NASDAQ:DOYU), the two top players in the Chinese gaming livestreaming sector, have agreed to a blockbuster merger after a half-decade of rivalry, cementing the dominance of Tencent—a shareholder for both companies—in the lucrative gaming industry, as ByteDance grows in the field on the back of its popular short video apps.. Keep tabs on your portfolio, search for stocks, commodities, or mutual funds with screeners, customizable chart indicators and technical analysis. Executives at Tencent Holdings Ltd. are driving discussions aimed at brokering a merger between leading Chinese streaming platforms Huya Inc. and DouYu International Holdings Ltd., in which the company owns stakes of 37% and 38% respectively. The board of directors of DouYu also unanimously resolved to recommend that DouYu's shareholders vote to approve the Merger Agreement and the Merger. Tencent has been reportedly pushing for the merger … Even though the shareholders of both live broadcasters will gain about half of the voting power, Douyu will now be acting under the control of a Chinese gaming giant that will have about 67% of all stocks. (Reuters) - Huya Inc will buy DouYu International Holdings Ltd in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday.. Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. Tencent, which is already Huya's biggest shareholder and also owns over a third of Douyu, has been pushing the deal for months, four sources familiar with … Huya will buy DouYu International Holdings in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger … Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger (the “Merger”). Huya will pay $200 million in cash dividends … According to reports in Chinese local media, Huya and DouYu jointly announced that the two parties have signed a "merger agreement and plan". Even though the shareholders of both live broadcasters will gain about half of the voting power, Douyu will now be acting under the control of a Chinese gaming giant that will have about 67% of all stocks. DouYu and Huya, China’s top game video-streaming sites backed by internet giant Tencent Holdings, said they are still on track to merge just three months after the country’s antitrust watchdog flagged concerns about the deal. This major merger will apparently require the company to agree to certain terms. Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. As a result of the merger, which is expected to close during the first half of 2021, DouYu … (Reuters) - Huya Inc (N: HUYA) will buy DouYu International Holdings (NASDAQ: DOYU) Ltd in a stock-for-stock merger deal, the Chinese live game … Nevertheless, they both added substantial MAUs and mobile MAUs, cementing as leaders in Asia's eSports streaming. If completed, DouYu will become a privately-held, and a wholly-owned affiliate of Huya and DouYu ADSs will no longer be listed on the Nasdaq if the merger is completed. Tencent, Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months. Chinese streaming platforms Huya and DouYu have entered into a merger agreement.. Tencent announced for the first time last year that it plans to merge China’s two largest online streaming platforms, Huya and DouYu. China’s top game livestreamer Huya Inc. recorded a profit in the first quarter of this year, while its rival Douyu International Holdings. A dds share movement, details on agreement, background on sector. Huya responded by saying it had no comment. DouYu … Ever since announcing that they were going to buy their competitor DouYu stock, HUYA stock shares dropped a fat 15% two days in a row. DouYu-Huya Merger Faces Investigation by Chinese Regulators, 37 Interactive Entertainment Invests in All Gamers 12/18/2020 Last week was a milestone in the history of esports – for the first time, esports has been approved by the Olympic Council of Asia (OCA) as a medaled sport in the 2022 Asian Games in Hangzhou, China. News. (Reuters) - Huya Inc will buy DouYu International Holdings Ltd in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. View more. Rongjie Dong, the Huya CEO, and Shaojie Chen, his DouYu counterpart, will be the Co-CEOs of the merged group. Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. China’s two largest games live streaming companies Huya and DouYu, both of which have U.S. share listings, are to merge.The deal was initiated by social media, games and streaming giant Tencent.. Huya and Douyu (NASDAQ:DOYU), the two top players in the Chinese gaming livestreaming sector, have agreed to a blockbuster merger after a half-decade of rivalry, cementing the dominance of Tencent—a shareholder for both companies—in the lucrative gaming industry, as ByteDance grows in the field on the back of its popular short video apps.. As a result of the merger, DouYu will become a wholly-owned subsidiary of Huya. Huya and Douyu are the top two game-streaming platforms in China, together taking up about an 80% market share. Pursuant to the merger agreement, DouYu stockholders will receive either 7.30 shares of HUYA … Huya and Douyu are the top two game-streaming platforms in China, together taking up about an 80% market share. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger … HUYA’s forward P/E is a bit higher than DOYU’s, coming in at 35.16. Huya also announced today that, in accordance with the terms of the Merger Agreement, its board of directors approved a cash dividend in an aggregate amount of US$200,000,000 to be paid on or around the date of the closing of the Merger and in no event later than 20 days after the closing of the Merger to the holders of ordinary shares of Huya whose names appear on Huya's register of members … The merger would make a … When the merger specific deals was first announced, we see Huya drop by roughly 10-15% while DouYu rose by 10-15%. Huya is significantly shorter at 10-30% range, and now more so for people who are trying to take advantage of the arbitrage differences in price. Yahoo Finance's On the Move panel discuss today's Stocks on the Move; Huya and DouYu and Twilio. On October 12, 2020, DouYu announced that it had signed an agreement to be acquired by HUYA. First revealed last October, the planned tie-up of New York-listed Huya and Nasdaq-listed DouYu under Tencent’s live-streaming unit Penguin Esports would … Chinese gaming giant Tencent holds discussions to merge two China-based streaming platform Huya and DouYu into a single colossal game-streaming platform with 300 million users and combined market value of $10B Yahoo Finance's On the Move panel discuss today's Stocks on the Move; Huya and DouYu and Twilio. Chinese streaming platforms Huya and DouYu have entered into a stock-for-stock merger agreement, mediated by Tencent Holdings . Chinese live streaming platforms Huya and DouYu have entered an agreement to merge. Currently, Tencent owns 36.9 percent of Huya's shares and a 50.9 percent voting stake, as well as a 38 percent equity and voting stake in Douyu. Joining forces makes sense. As a result of the merger, which is expected to close during the first half of 2021, DouYu … JOYY Inc., Huya's significant shareholder, has also provided its written consent to the execution, delivery and performance of the Merger Agreement by Huya and the Merger Sub and the consummation of the transactions contemplated under the Merger Agreement pursuant to Huya's currently effective memorandum and articles of association. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger … DouYu will be acquired by fellow Chinese streaming company Huya in an all-share deal. DouYu International Holdings ( DOYU) - Get Report was soaring Monday following its agreement to be acquired by fellow Chinese streaming company Huya ( HUYA) - Get Report in an all-share deal. DouYu will receive 0.730 American depositary shares of Huya, representing a premium of 34.5% to DouYu's last close of $14, valuing it at nearly $6 billion, according to Reuters calculation based on 317.5 million shares. Under the merger agreement, Huya will acquire all of Douyu’s outstanding shares, … Chinese live streaming platforms Huya and DouYu have entered an agreement to merge. Get a real-time HUYA Inc. (HUYA) stock price quote with breaking news, financials, statistics, charts and more. Post merger, Huya and DouYu shareholders will each hold approximately 50% shares of the combined company on a fully diluted basis. According to the latest esports news, the total value of Douyu is about $4.7 billion, while Huya is estimated at the level of $5.8 billion. Huya will buy DouYu International Holdings in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger … DouYu and Huya, China’s top-ranked video-streaming sites for gamers, hold nearly 90 per cent of the market, putting them under the scrutiny of antitrust regulators. So, every DOYU share will be converted into a HUYA share with a conversion factor of 0,73. News This Week in Asia: Huya and DouYu merger, Com2uS acquisition and Pakistan's TikTok block Our roundup of the latest news and updates from Asian territories . Revenues increased 8% to RMB2.60 billion ($397 million) and net income edged ahead by … HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced its unaudited financial results … Huya, a leading Chinese live-streaming platform that specialises in esports content, has agreed to buy fellow live-streaming platform Douyu in a stock-for-stock merger deal that will create a Chinese gaming-streaming giant with a market value of more than $11 billion. However, Q3 results show their financials have moved in opposite directions. Yesterday we heard rumors that Tencent would inspire online game streamers DouYu (ticker DUYA) and Huya (ticker HUYA) to look for a merger. create a single dominant player with more than 300 million users, making Tuesday, October 27, 2020. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a … Currently, Tencent owns a 37% stake in Huya and 38% of the equity in DouYu and has been discussing the merger with the two parties over the past few months, the report said. Rongjie Dong, the Huya CEO, and Shaojie Chen, his DouYu counterpart, will be the Co-CEOs of the merged group. Douyu replied to Chinese media 36Kr that it was unaware of the situation and would not comment. Additionally, DouYu and Tencent have entered an agreement by which Tencent will assign its … Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. The two firms announced their merger plan on Oct. 12 and hoped to finish the process in the first half of this year. DouYu-Huya Merger Being Reviewed by China Under Anti-Monopoly Rules Credit: Sina Games On Dec. 14 , China’s State Administration for Market Regulation (SAMR) announced that the government has started to investigate the merger between DouYu and Huya , which focuses on the concentration of undertakings in Variable Interest Entity (VIE). The business combination is expected to close during the first half of 2021. Tencent, which is Huya’s biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. Their combined market valuations are now about $8.5 billion. (https://reut.rs/33QxpFt) DouYu will […] The MarketWatch News Department was not involved in the creation of this content. Based on the agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger. China’s market regulators have initiated an investigation into the merger of Tencent Holdings ADR (OTC: TCEHY)-backed live streaming platform Douyu International Holdings Ltd (NASDAQ: DOYU) and video game publisher and live streamer Huya Inc ADR (NYSE: HUYA), Reuters reports.. What Happened: The Huya-Douyu merger deal announced in October, an all-stock deal, was initiated after … News; October 16th, 2020 - 04:30pm. Huya, with which DouYu may be merged if regulators permit, had a slightly more buoyant time. The Merger Between Huya and Douyu Could Create Enormous Shareholder Value. Once completed, Douyu will delist from the Nasdaq to become a privately held unit of Huya, while Tencent will become the controlling shareholder with 67.5 percent of the voting rights in the new company. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a … 2, and together they control over 80% of the Chinese market. Executives at Tencent Holdings Ltd. are driving discussions aimed at brokering a merger between leading Chinese streaming platforms Huya Inc. and DouYu International Holdings Ltd., in which the company owns stakes of 37% and 38% respectively. Merger. DouYu (NASDAQ:DOYU) is up 4.1% premarket and Huya (NYSE:HUYA) up 3.8% as Tencent (OTCPK:TCEHY) has proposed a stock-for-stock merger of the two companies, via an acquisition by Huya. Huya is the most popular online gaming site in China while DouYu is No. A merger between China’s biggest video game livestreaming platforms, Huya and Douyu International Holdings, could help cement Tencent Holdings’ lead as the largest video game company in its home country amid a turbulent geopolitical environment, experts say. First, each DouYu share will convert into 0.73 shares of Huya, and post-merger each shareholder base will roughly own 50% of the combined business (roughly a $10 billion market cap). Why it matters: Huya has reportedly agreed to buy out Chinese game streaming competitor DouYu. Huya, with which DouYu may be merged if regulators permit, had a slightly more buoyant time. When the deal is completed, it would create a … At this point, more than a year after being rumored to merge, two major domestic live streaming platforms Huya and Douyu finally put down their feud and became a family. China’s two largest games live streaming companies Huya and DouYu, both of which have U.S. share listings, are to merge. Get a real-time HUYA Inc. (HUYA) stock price quote with breaking news, financials, statistics, charts and more. Revenues increased 8% to RMB2.60 billion ($397 million) and net income edged ahead by … Total net revenues in the first quarter of 2021 were RMB2,152.7 million (US$328.6 million), compared with RMB2,278.0 million in the same period of … As part of the agreement, NYSE-listed Huya will acquire all the outstanding shares of Nasdaq-listed DouYu, including ordinary shares represented by ADS, through a stock-for-stock merger. Written by Jonathan Easton; 13th October 2020 @ 11:35; Game streaming platform Huya has announced an all-share deal to buy competitor DouYu in a move which will create an esports empire worth more than US$11 billion. DouYu will be acquired by fellow Chinese streaming company Huya in an all-share deal. The merger of Huya and DouYu, both backed by Tencent, would establish the undisputed leader of China’s fast-growing video game-streaming market. Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. If completed, DouYu will become a privately-held, and a wholly-owned affiliate of Huya and DouYu ADSs will no longer be listed on the Nasdaq if the merger is completed. Yahoo Finance's On the Move panel discuss today's Stocks on the Move; Huya and DouYu and Twilio. Get a real-time HUYA Inc. (HUYA) stock price quote with breaking news, financials, statistics, charts and more. Pursuant to the merger agreement, DouYu stockholders will receive either 7.30 shares of HUYA common stock for each share of DouYu common stock owned or 0.73 shares of HUYA common stock for each DouYu American Depositary Share (“ADS”) owned. HUYA Inc. a leading game live streaming platform in China today announced its unaudited financial results for the first quarter ended March 31, 2021 . The merger, which is … Huya and DouYu confirm merger to create US$11 billion Twitch rival controlled by Tencent. TENCENT (00700.HK) +2.500 (+0.417%) Short selling $1.16B; Ratio 11.037% will have to make major concessions in the merger between Huya and DouYu… Currently, HUYA and DouYu dominate China’s video game streaming market; a merger would create a company with 300 million users with a $10 billion market value. Written by Jonathan Easton; 13th October 2020 @ 11:35; Game streaming platform Huya has announced an all-share deal to buy competitor DouYu in a move which will create an esports empire worth more than US$11 billion. Precedence Research, Recently Published Report on “Machine Tools Market Size, Share, Growth, Trends Analysis, Regional Outlook, and Forecasts, 2021 - 2030”OTTAWA, May 11, 2021 (GLOBE NEWSWIRE) -- The global machine tools market size is expected to be worth around US$ 115 billion by 2030 from US$ 78.7 billion in 2020, growing with a CAGR of 4.4% during the forecast period 2021 to … Ltd. booked a loss, amid continuing uncertainties about the future merger of the companies both of which are backed by internet giant Tencent Holdings Ltd. DouYu … Log In Receive full access to our market insights, commentary, newsletters, breaking news … The merger would make a lot of sense for Tencent, who has an interest in both. News provided by. Huya DouYu Merger is a Sign of Things to Come in Esports M&A. As per the letter dated August 10, 2020, Tencent proposes for merger of DouYu and Huya. The deal is expected to close within the first half of 2021 and will see DouYu become a subsidiary of Huya. HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced its unaudited financial results … The merger’s completion will result in DouYu becoming a privately-held and wholly-owned subsidiary of Huya… Announcing the Huya-DouYu plan last October, Tencent said it aimed to fold its own fully-owned videogame live-streaming business into the combined businesses of Huya and DouYu after the merger under its Penguin arm. Huya Inc will buy DouYu International Holdings Ltd in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. (Reuters) – Huya Inc HUYA.N will buy DouYu International Holdings Ltd DY8Ay.F in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. Praline Pronunciation, Onenote Lasso Select Shortcut, Rolaskatox Manchester, Gracias Negrito Translation To English, Live Streaming Liga Champions 2020, Building Collapse Due To Foundation Failure, Tuchel Record At Chelsea, College Players In The G League, " />
Select Page

huya, douyu merger news

by | May 28, 2021 | Product Updates | 0 comments

"Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger," reads the announcement. The streaming landscape has experienced its second major shakeup this year with Huya’s merger with DouYu on October 12, 2020. Announcing the Huya-DouYu plan last October, Tencent said it aimed to fold its own fully-owned videogame live-streaming business into the combined businesses of Huya and DouYu after the merger under its Penguin arm. The merger, which is … HUYA is currently trading about $8 below its 52-week high of $36.33. The merger would make a lot of sense for Tencent, who has an interest in both. Is Huya … Tencent, which is Huya’s biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. The firm has taken a major step forward for the agreement to be approved by the authorities. Huya will buy DouYu International Holdings in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. For the uninitiated, HUYA is currently working on its merger with DouYu International Holdings (NASDAQ: DOYU). Huya and DouYu have always been moving in concert. Fourth Quarter 2020 Financial Results. China's biggest video game and social media company Tencent Holdings <0700.HK> is driving a merger of Twitch-like game streaming platforms Douyu and Huya , as it seeks to consolidate its dominance in the industry. Tencent has been reportedly pushing for the merger … Huya has agreed a deal to acquire fellow live streaming service DouYu in a stock-for-stock merger deal that is set to create a live online gaming streaming … The streaming landscape has experienced its second major shakeup this year with Huya’s merger with DouYu on October 12, 2020.Huya and DouYu are … Ltd. booked a loss, amid continuing uncertainties about the future merger of the companies both of which are backed by internet giant Tencent Holdings Ltd. Log In Receive full access to our market insights, commentary, newsletters, breaking news … Huya will acquire all outstanding shares of DouYu in a stock-for-stock merger at an exchange ratio of 0.73 shares of Huya per share of DouYu. At the close of trading today, Tencent rose 2% to HK$561 per share. Keep tabs on your portfolio, search for stocks, commodities, or mutual funds with screeners, customizable chart indicators and technical analysis. The new merger will see the two companies combine … Already a majority owner in Huya at 50.1% and a 38% stake in DouYu , Tencent will hold a controlling share in the new merged company with a voting share proportion of 67.5%. Tencent, which is Huya’s biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. HUYA’s Merits. DouYu International Holdings Limited (NASDAQ: DOYU) and HUYA Inc. (NYSE: HUYA) announced entry into an agreement to merge. HUYA Inc. ... or other circumstances that could give rise to the right of one or both of Huya and DouYu to terminate the definitive merger agreement between Huya and DouYu… According to the latest esports news, the total value of Douyu is about $4.7 billion, while Huya is estimated at the level of $5.8 billion. By Danielle Partis, Editor. First revealed last October, the planned tie-up of New York-listed Huya and Nasdaq-listed DouYu under Tencent’s live-streaming unit Penguin Esports would … DouYu will be acquired by fellow Chinese streaming company Huya in an all-share deal. Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. (Reuters) - Huya Inc will buy DouYu International Holdings Ltd in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. A stock-for-stock merger is an alternate form for an acquiring company to gain the assets … BEIJING (Reuters) - China's market regulator said on Monday it is investigating the merger between Tencent-backed live game-streaming companies Douyu International Holdings and … Yesterday, we heard rumors that Tencent is encouraging online gaming streamers DouYu (ticker DUYA) and Huya (ticker HUYA) to pursue a merger. GUANGZHOU, China, May 18, 2021 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in … A Huya spokesperson said the company has applied to the antitrust watchdog for a review of the proposed merger and will cooperate with the regulator. The Chinese social media titan -- which owns a 37% stake in Huya and 38% of DouYu -- has been discussing such a merger with the duo over the … Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. Tencent, which is Huya… DouYu will receive 0.730 American depositary shares of Huya, representing a premium of 34.5% to DouYu's last close of $14, valuing it at nearly $6 billion, according to Reuters calculation based on 317.5 million shares. Even though the shareholders of both live broadcasters will gain about half of the voting power, Douyu will now be acting under the control of a Chinese gaming giant that will have about 67% of all stocks. Huya and Douyu said in separate statements on Monday that they have received a letter from Tencent proposing a stock-for-stock merger between the … Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. Although Huya and DouYu were competitors before the merger, both entities were heavily backed by Tencent, as is the case with most companies involved in … DouYu will receive 0.730 American depositary shares of Huya, representing a premium of 34.5% to DouYu's last close of $14, valuing it at nearly $6 … Huya Inc will buy Douyu in a stock-for-stock merger deal, the companies said in October. The merger is expected to close jn the first half of 2021 and is a stock-for-stock merger. Joyy Inc (NASDAQ: YY), a large shareholder in Huya, provided written consent for the merger deal. DouYu will receive 0.730 American depositary shares of Huya, representing a premium of 34.5% to DouYu's last close of $14, valuing it at nearly $6 billion, according to Reuters calculation based on 317.5 million shares. This has, however, triggered concerns, said … DouYu’s press release confirmed that its board of directors is reviewing and evaluating the proposal. At the close of the merger, each ordinary share of DouYu … Huya and Douyu (NASDAQ:DOYU), the two top players in the Chinese gaming livestreaming sector, have agreed to a blockbuster merger after a half-decade of rivalry, cementing the dominance of Tencent—a shareholder for both companies—in the lucrative gaming industry, as ByteDance grows in the field on the back of its popular short video apps.. Keep tabs on your portfolio, search for stocks, commodities, or mutual funds with screeners, customizable chart indicators and technical analysis. Executives at Tencent Holdings Ltd. are driving discussions aimed at brokering a merger between leading Chinese streaming platforms Huya Inc. and DouYu International Holdings Ltd., in which the company owns stakes of 37% and 38% respectively. The board of directors of DouYu also unanimously resolved to recommend that DouYu's shareholders vote to approve the Merger Agreement and the Merger. Tencent has been reportedly pushing for the merger … Even though the shareholders of both live broadcasters will gain about half of the voting power, Douyu will now be acting under the control of a Chinese gaming giant that will have about 67% of all stocks. (Reuters) - Huya Inc will buy DouYu International Holdings Ltd in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday.. Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. Tencent, which is already Huya's biggest shareholder and also owns over a third of Douyu, has been pushing the deal for months, four sources familiar with … Huya will buy DouYu International Holdings in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger … Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger (the “Merger”). Huya will pay $200 million in cash dividends … According to reports in Chinese local media, Huya and DouYu jointly announced that the two parties have signed a "merger agreement and plan". Even though the shareholders of both live broadcasters will gain about half of the voting power, Douyu will now be acting under the control of a Chinese gaming giant that will have about 67% of all stocks. DouYu and Huya, China’s top game video-streaming sites backed by internet giant Tencent Holdings, said they are still on track to merge just three months after the country’s antitrust watchdog flagged concerns about the deal. This major merger will apparently require the company to agree to certain terms. Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. As a result of the merger, which is expected to close during the first half of 2021, DouYu … (Reuters) - Huya Inc (N: HUYA) will buy DouYu International Holdings (NASDAQ: DOYU) Ltd in a stock-for-stock merger deal, the Chinese live game … Nevertheless, they both added substantial MAUs and mobile MAUs, cementing as leaders in Asia's eSports streaming. If completed, DouYu will become a privately-held, and a wholly-owned affiliate of Huya and DouYu ADSs will no longer be listed on the Nasdaq if the merger is completed. Tencent, Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months. Chinese streaming platforms Huya and DouYu have entered into a merger agreement.. Tencent announced for the first time last year that it plans to merge China’s two largest online streaming platforms, Huya and DouYu. China’s top game livestreamer Huya Inc. recorded a profit in the first quarter of this year, while its rival Douyu International Holdings. A dds share movement, details on agreement, background on sector. Huya responded by saying it had no comment. DouYu … Ever since announcing that they were going to buy their competitor DouYu stock, HUYA stock shares dropped a fat 15% two days in a row. DouYu-Huya Merger Faces Investigation by Chinese Regulators, 37 Interactive Entertainment Invests in All Gamers 12/18/2020 Last week was a milestone in the history of esports – for the first time, esports has been approved by the Olympic Council of Asia (OCA) as a medaled sport in the 2022 Asian Games in Hangzhou, China. News. (Reuters) - Huya Inc will buy DouYu International Holdings Ltd in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. View more. Rongjie Dong, the Huya CEO, and Shaojie Chen, his DouYu counterpart, will be the Co-CEOs of the merged group. Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. China’s two largest games live streaming companies Huya and DouYu, both of which have U.S. share listings, are to merge.The deal was initiated by social media, games and streaming giant Tencent.. Huya and Douyu (NASDAQ:DOYU), the two top players in the Chinese gaming livestreaming sector, have agreed to a blockbuster merger after a half-decade of rivalry, cementing the dominance of Tencent—a shareholder for both companies—in the lucrative gaming industry, as ByteDance grows in the field on the back of its popular short video apps.. As a result of the merger, DouYu will become a wholly-owned subsidiary of Huya. Huya and Douyu are the top two game-streaming platforms in China, together taking up about an 80% market share. Pursuant to the merger agreement, DouYu stockholders will receive either 7.30 shares of HUYA … Huya and Douyu are the top two game-streaming platforms in China, together taking up about an 80% market share. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger … HUYA’s forward P/E is a bit higher than DOYU’s, coming in at 35.16. Huya also announced today that, in accordance with the terms of the Merger Agreement, its board of directors approved a cash dividend in an aggregate amount of US$200,000,000 to be paid on or around the date of the closing of the Merger and in no event later than 20 days after the closing of the Merger to the holders of ordinary shares of Huya whose names appear on Huya's register of members … The merger would make a … When the merger specific deals was first announced, we see Huya drop by roughly 10-15% while DouYu rose by 10-15%. Huya is significantly shorter at 10-30% range, and now more so for people who are trying to take advantage of the arbitrage differences in price. Yahoo Finance's On the Move panel discuss today's Stocks on the Move; Huya and DouYu and Twilio. On October 12, 2020, DouYu announced that it had signed an agreement to be acquired by HUYA. First revealed last October, the planned tie-up of New York-listed Huya and Nasdaq-listed DouYu under Tencent’s live-streaming unit Penguin Esports would … Chinese gaming giant Tencent holds discussions to merge two China-based streaming platform Huya and DouYu into a single colossal game-streaming platform with 300 million users and combined market value of $10B Yahoo Finance's On the Move panel discuss today's Stocks on the Move; Huya and DouYu and Twilio. Chinese streaming platforms Huya and DouYu have entered into a stock-for-stock merger agreement, mediated by Tencent Holdings . Chinese live streaming platforms Huya and DouYu have entered an agreement to merge. Currently, Tencent owns 36.9 percent of Huya's shares and a 50.9 percent voting stake, as well as a 38 percent equity and voting stake in Douyu. Joining forces makes sense. As a result of the merger, which is expected to close during the first half of 2021, DouYu … JOYY Inc., Huya's significant shareholder, has also provided its written consent to the execution, delivery and performance of the Merger Agreement by Huya and the Merger Sub and the consummation of the transactions contemplated under the Merger Agreement pursuant to Huya's currently effective memorandum and articles of association. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger … DouYu will be acquired by fellow Chinese streaming company Huya in an all-share deal. DouYu International Holdings ( DOYU) - Get Report was soaring Monday following its agreement to be acquired by fellow Chinese streaming company Huya ( HUYA) - Get Report in an all-share deal. DouYu will receive 0.730 American depositary shares of Huya, representing a premium of 34.5% to DouYu's last close of $14, valuing it at nearly $6 billion, according to Reuters calculation based on 317.5 million shares. Under the merger agreement, Huya will acquire all of Douyu’s outstanding shares, … Chinese live streaming platforms Huya and DouYu have entered an agreement to merge. Get a real-time HUYA Inc. (HUYA) stock price quote with breaking news, financials, statistics, charts and more. Post merger, Huya and DouYu shareholders will each hold approximately 50% shares of the combined company on a fully diluted basis. According to the latest esports news, the total value of Douyu is about $4.7 billion, while Huya is estimated at the level of $5.8 billion. Huya will buy DouYu International Holdings in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger … DouYu and Huya, China’s top-ranked video-streaming sites for gamers, hold nearly 90 per cent of the market, putting them under the scrutiny of antitrust regulators. So, every DOYU share will be converted into a HUYA share with a conversion factor of 0,73. News This Week in Asia: Huya and DouYu merger, Com2uS acquisition and Pakistan's TikTok block Our roundup of the latest news and updates from Asian territories . Revenues increased 8% to RMB2.60 billion ($397 million) and net income edged ahead by … HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced its unaudited financial results … Huya, a leading Chinese live-streaming platform that specialises in esports content, has agreed to buy fellow live-streaming platform Douyu in a stock-for-stock merger deal that will create a Chinese gaming-streaming giant with a market value of more than $11 billion. However, Q3 results show their financials have moved in opposite directions. Yesterday we heard rumors that Tencent would inspire online game streamers DouYu (ticker DUYA) and Huya (ticker HUYA) to look for a merger. create a single dominant player with more than 300 million users, making Tuesday, October 27, 2020. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a … Currently, Tencent owns a 37% stake in Huya and 38% of the equity in DouYu and has been discussing the merger with the two parties over the past few months, the report said. Rongjie Dong, the Huya CEO, and Shaojie Chen, his DouYu counterpart, will be the Co-CEOs of the merged group. Douyu replied to Chinese media 36Kr that it was unaware of the situation and would not comment. Additionally, DouYu and Tencent have entered an agreement by which Tencent will assign its … Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. The two firms announced their merger plan on Oct. 12 and hoped to finish the process in the first half of this year. DouYu-Huya Merger Being Reviewed by China Under Anti-Monopoly Rules Credit: Sina Games On Dec. 14 , China’s State Administration for Market Regulation (SAMR) announced that the government has started to investigate the merger between DouYu and Huya , which focuses on the concentration of undertakings in Variable Interest Entity (VIE). The business combination is expected to close during the first half of 2021. Tencent, which is Huya’s biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. Their combined market valuations are now about $8.5 billion. (https://reut.rs/33QxpFt) DouYu will […] The MarketWatch News Department was not involved in the creation of this content. Based on the agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger. China’s market regulators have initiated an investigation into the merger of Tencent Holdings ADR (OTC: TCEHY)-backed live streaming platform Douyu International Holdings Ltd (NASDAQ: DOYU) and video game publisher and live streamer Huya Inc ADR (NYSE: HUYA), Reuters reports.. What Happened: The Huya-Douyu merger deal announced in October, an all-stock deal, was initiated after … News; October 16th, 2020 - 04:30pm. Huya, with which DouYu may be merged if regulators permit, had a slightly more buoyant time. The Merger Between Huya and Douyu Could Create Enormous Shareholder Value. Once completed, Douyu will delist from the Nasdaq to become a privately held unit of Huya, while Tencent will become the controlling shareholder with 67.5 percent of the voting rights in the new company. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a … 2, and together they control over 80% of the Chinese market. Executives at Tencent Holdings Ltd. are driving discussions aimed at brokering a merger between leading Chinese streaming platforms Huya Inc. and DouYu International Holdings Ltd., in which the company owns stakes of 37% and 38% respectively. Merger. DouYu (NASDAQ:DOYU) is up 4.1% premarket and Huya (NYSE:HUYA) up 3.8% as Tencent (OTCPK:TCEHY) has proposed a stock-for-stock merger of the two companies, via an acquisition by Huya. Huya is the most popular online gaming site in China while DouYu is No. A merger between China’s biggest video game livestreaming platforms, Huya and Douyu International Holdings, could help cement Tencent Holdings’ lead as the largest video game company in its home country amid a turbulent geopolitical environment, experts say. First, each DouYu share will convert into 0.73 shares of Huya, and post-merger each shareholder base will roughly own 50% of the combined business (roughly a $10 billion market cap). Why it matters: Huya has reportedly agreed to buy out Chinese game streaming competitor DouYu. Huya, with which DouYu may be merged if regulators permit, had a slightly more buoyant time. When the deal is completed, it would create a … At this point, more than a year after being rumored to merge, two major domestic live streaming platforms Huya and Douyu finally put down their feud and became a family. China’s two largest games live streaming companies Huya and DouYu, both of which have U.S. share listings, are to merge. Get a real-time HUYA Inc. (HUYA) stock price quote with breaking news, financials, statistics, charts and more. Revenues increased 8% to RMB2.60 billion ($397 million) and net income edged ahead by … Total net revenues in the first quarter of 2021 were RMB2,152.7 million (US$328.6 million), compared with RMB2,278.0 million in the same period of … As part of the agreement, NYSE-listed Huya will acquire all the outstanding shares of Nasdaq-listed DouYu, including ordinary shares represented by ADS, through a stock-for-stock merger. Written by Jonathan Easton; 13th October 2020 @ 11:35; Game streaming platform Huya has announced an all-share deal to buy competitor DouYu in a move which will create an esports empire worth more than US$11 billion. DouYu will be acquired by fellow Chinese streaming company Huya in an all-share deal. The merger of Huya and DouYu, both backed by Tencent, would establish the undisputed leader of China’s fast-growing video game-streaming market. Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. If completed, DouYu will become a privately-held, and a wholly-owned affiliate of Huya and DouYu ADSs will no longer be listed on the Nasdaq if the merger is completed. Yahoo Finance's On the Move panel discuss today's Stocks on the Move; Huya and DouYu and Twilio. Get a real-time HUYA Inc. (HUYA) stock price quote with breaking news, financials, statistics, charts and more. Pursuant to the merger agreement, DouYu stockholders will receive either 7.30 shares of HUYA common stock for each share of DouYu common stock owned or 0.73 shares of HUYA common stock for each DouYu American Depositary Share (“ADS”) owned. HUYA Inc. a leading game live streaming platform in China today announced its unaudited financial results for the first quarter ended March 31, 2021 . The merger, which is … Huya and DouYu confirm merger to create US$11 billion Twitch rival controlled by Tencent. TENCENT (00700.HK) +2.500 (+0.417%) Short selling $1.16B; Ratio 11.037% will have to make major concessions in the merger between Huya and DouYu… Currently, HUYA and DouYu dominate China’s video game streaming market; a merger would create a company with 300 million users with a $10 billion market value. Written by Jonathan Easton; 13th October 2020 @ 11:35; Game streaming platform Huya has announced an all-share deal to buy competitor DouYu in a move which will create an esports empire worth more than US$11 billion. Precedence Research, Recently Published Report on “Machine Tools Market Size, Share, Growth, Trends Analysis, Regional Outlook, and Forecasts, 2021 - 2030”OTTAWA, May 11, 2021 (GLOBE NEWSWIRE) -- The global machine tools market size is expected to be worth around US$ 115 billion by 2030 from US$ 78.7 billion in 2020, growing with a CAGR of 4.4% during the forecast period 2021 to … Ltd. booked a loss, amid continuing uncertainties about the future merger of the companies both of which are backed by internet giant Tencent Holdings Ltd. DouYu … Log In Receive full access to our market insights, commentary, newsletters, breaking news … The merger would make a lot of sense for Tencent, who has an interest in both. News provided by. Huya DouYu Merger is a Sign of Things to Come in Esports M&A. As per the letter dated August 10, 2020, Tencent proposes for merger of DouYu and Huya. The deal is expected to close within the first half of 2021 and will see DouYu become a subsidiary of Huya. HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced its unaudited financial results … The merger’s completion will result in DouYu becoming a privately-held and wholly-owned subsidiary of Huya… Announcing the Huya-DouYu plan last October, Tencent said it aimed to fold its own fully-owned videogame live-streaming business into the combined businesses of Huya and DouYu after the merger under its Penguin arm. Huya Inc will buy DouYu International Holdings Ltd in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. (Reuters) – Huya Inc HUYA.N will buy DouYu International Holdings Ltd DY8Ay.F in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday.

Praline Pronunciation, Onenote Lasso Select Shortcut, Rolaskatox Manchester, Gracias Negrito Translation To English, Live Streaming Liga Champions 2020, Building Collapse Due To Foundation Failure, Tuchel Record At Chelsea, College Players In The G League,

Submit a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.