Additionally, DouYu and Tencent have entered an agreement by which Tencent will assign its … On October 12, 2020, DouYu announced that it had signed an agreement to be acquired by HUYA. Keep tabs on your portfolio, search for stocks, commodities, or mutual funds with screeners, customizable chart indicators and technical analysis. 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… 2, and together they control over 80% of the Chinese market. 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 … Yesterday we heard rumors that Tencent would inspire online game streamers DouYu (ticker DUYA) and Huya (ticker HUYA) to look for a merger. 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). 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 … The boards of both companies unanimously approved the deal, which is expected to close in the first half of 2021 if investors holding two-thirds of DouYu’s shares vote in its favor. The merged entity would have a combined market share of more than 80% in the country, Reuters said, citing data from MobTech. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a … The new merger will see the two companies combine … Rongjie Dong, the Huya CEO, and Shaojie Chen, his DouYu counterpart, will be the Co-CEOs of the merged group. The merger would make a … 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. At the close of the merger, each ordinary share of DouYu … 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, 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 … Why it matters: Huya has reportedly agreed to buy out Chinese game streaming competitor DouYu. News. 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, 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 $11 billion. Precedence Research, Recently Published Report on “Machine Tools Market Size, Share, Growth, Trends Analysis, Regional Outlook, and Forecasts, 2021 - 2030”OTTAWA, May 11, 2021 (GLOBE NEWSWIRE) -- The global machine tools market size is expected to be worth around US$ 115 billion by 2030 from US$ 78.7 billion in 2020, growing with a CAGR of 4.4% during the forecast period 2021 to … Huya will buy DouYu International Holdings in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. 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… DouYu’s press release confirmed that its board of directors is reviewing and evaluating the proposal. Get a real-time HUYA Inc. (HUYA) stock price quote with breaking news, financials, statistics, charts and more. create a single dominant player with more than 300 million users, making Tencent announced for the first time last year that it plans to merge China’s two largest online streaming platforms, Huya and DouYu. Huya and Douyu are the top two game-streaming platforms in China, together taking up about an 80% market share. China’s top game livestreamer Huya Inc. recorded a profit in the first quarter of this year, while its rival Douyu International Holdings. Joyy Inc (NASDAQ: YY), a large shareholder in Huya, provided written consent for the merger deal. What this means is the esports platforms that have long … According to terms published on Monday, the shareholders of the two companies will come out roughly equal, and Huya will make an all stock offer for the shares of DouYu. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a … Chinese streaming platforms Huya (NYSE: HUYA) and DouYu (NASDAQ: DOYU), has entered an agreement to merge into a game-streaming giant with $11B market value - something Chinese gaming giant Tencent (HKG: 0700) planned for a while now, with initial news going back to this August . 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. 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. 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. DouYu and Huya were poised for a fierce fight over establishing dominance in China’s rapidly growing esports landscape. DouYu … Get a real-time HUYA Inc. (HUYA) stock price quote with breaking news, financials, statistics, charts and more. Huya, with which DouYu may be merged if regulators permit, had a slightly more buoyant time. Huya is the most popular online gaming site in China while DouYu is No. 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. HUYA Inc. a leading game live streaming platform in China today announced its unaudited financial results for the first quarter ended March 31, 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. 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. Tencent’s proposed merger of Chinese live-streaming platforms Huya and DouYu was set into motion on Monday when both companies announced that they have entered into an agreement and plan of merger. Log In Receive full access to our market insights, commentary, newsletters, breaking news … Tuesday, October 27, 2020. DouYu … 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 … 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. 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 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. create a single dominant player with more than 300 million users, making The business combination is expected to close during the first half of 2021. 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 … Tencent, Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months. 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. As a result of the merger, DouYu will become a wholly-owned subsidiary of Huya. (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. Chinese live streaming platforms Huya and DouYu have entered an agreement to merge. (Reuters) - Huya Inc (N: HUYA) will buy DouYu International Holdings (NASDAQ: DOYU) Ltd in a stock-for-stock merger deal, the Chinese live game … Huya responded by saying it had no comment. Chinese streaming platforms Huya and DouYu have entered into a stock-for-stock merger agreement, mediated by Tencent Holdings . 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.. Huya and DouYu platforms will unite. Yesterday, we heard rumors that Tencent is encouraging online gaming streamers DouYu (ticker DUYA) and Huya (ticker HUYA) to pursue a merger. (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. China’s top game livestreamer Huya Inc. recorded a profit in the first quarter of this year, while its rival Douyu International Holdings. The two firms announced their merger plan on Oct. 12 and hoped to finish the process in the first half of this year. HUYA is currently trading about $8 below its 52-week high of $36.33. Keep tabs on your portfolio, search for stocks, commodities, or mutual funds with screeners, customizable chart indicators and technical analysis. 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. The deal was initiated by … When the deal is completed, it would create a … 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 is also the largest shareholder of Douyu, with a 38% stake and voting power. 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. Tencent has been reportedly pushing for the merger … Second, Tencent is concurrently reassigning the Penguin e-Sports brand to DouYu for $500M. DouYu representatives didn’t immediately respond to requests for comment. DouYu International Holdings Limited a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced its … 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. 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. DouYu will be acquired by fellow Chinese streaming company Huya in an all-share deal. According to reports in Chinese local media, Huya and DouYu jointly announced that the two parties have signed a "merger agreement and plan". A stock-for-stock merger is an alternate form for an acquiring company to gain the assets … Barchart.com Inc. is the leading provider of real-time or delayed intraday stock and commodities charts and quotes. 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.. (Yicai Global) June 11 -- Douyu and Huya, two of China’s leading live-streaming platforms and both backed by Tencent Holdings, declined to comment on a report that they are poised to merge. 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. 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. Joining forces makes sense. 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. Huya DouYu Merger is a Sign of Things to Come in Esports M&A. 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. The Merger Between Huya and Douyu Could Create Enormous Shareholder Value. Tencent discussing Huya and DouYu merger. 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. Revenues increased 8% to RMB2.60 billion ($397 million) and net income edged ahead by … 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 The merged entity would have a combined Chinese 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 (the "Merger"). A little more Background: In oktober last year both companies entered into a merger agreement, which will make DouYu a fully owned subsidiary of Huya. Is Huya … The merger combines China’s two largest gaming and esports focused live-streaming […] Tencent, which is Huya… View more. Huya, with which DouYu may be merged if regulators permit, had a slightly more buoyant time. Huya Inc will buy DouYu International Holdings Ltd in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. Joining forces makes sense. Rongjie Dong, the Huya CEO, and Shaojie Chen, his DouYu counterpart, will be the Co-CEOs of the merged group. China’s two largest games live streaming companies Huya and DouYu, both of which have U.S. share listings, are to merge. Yesterday we heard rumors that Tencent would inspire online game streamers DouYu (ticker DUYA) and Huya (ticker HUYA) to look for a merger. 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. Nevertheless, they both added substantial MAUs and mobile MAUs, cementing as leaders in Asia's eSports streaming. 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 … 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. The merger of Huya and DouYu, both backed by Tencent, would establish the undisputed leader of China’s fast-growing video game-streaming market. 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 … By Danielle Partis, Editor. Fourth Quarter 2020 Financial Results. 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%. (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. Huya will buy DouYu International Holdings in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. The board of directors of DouYu also unanimously resolved to recommend that DouYu's shareholders vote to approve the Merger Agreement and the Merger. News; October 16th, 2020 - 04:30pm. 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. 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. 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. Huya will buy DouYu International Holdings 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. 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. Barchart.com Inc. is the leading provider of real-time or delayed intraday stock and commodities charts and quotes. HUYA’s Merits. 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. 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. Oct 12 (Reuters) - Huya Inc HUYA.N will buy DouYu International Holdings Ltd DY8Ay.F in a stock-for-stock merger … The MarketWatch News Department was not involved in the creation of this content. 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 . 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). HUYA’s interactive broadcasting service empowers observers to watch and interact with gamers, musicians, and reality show stars in real-time. set to merge in a stock-for-stock transaction, creating a combined entity valued at approximately USD$11bn (£8.4bn). Huya and DouYu confirm merger to create US$11 billion Twitch rival controlled by Tencent.
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