This undated photo shows a logo of Tencent. Tencent, China's No. So we present to you the gaming industry; the latest gaming news on mobile games, console games and PC games. Download HUYA LIVE 7.11.36 for Android for free, without any viruses, from Uptodown. Individually, the two companies have shown more than impressive growth in recent years. (https://reut.rs/33QxpFt) DouYu will […] China’s two largest games live streaming companies Huya and DouYu, both of which have U.S. share listings, are to merge. In October 2020, Huya entered into an agreement with its Chinese competitor DouYu to merge the two businesses. Although rumors of a merger between Douyu and Huya have circulated for some time, Douyu finally announced on August 10 that its Board of Directors had received a preliminary non-binding proposal letter from Tencent to propose a stock-for-stock merger between Douyu and Huya. The merger between DouYu and Huya has been pushed by the Tencent Holdings since October. Tencent has offered to buy 30 million shares of Huya from part-owner Joyy Inc. -- itself a live-streaming service operator -- for $810 million, Joyy said. Hong Kong — Tencent Holdings, in which Naspers has a 31.% stake, is driving discussions to merge China’s biggest game-streaming platforms Huya and DouYu … 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. Dong from Huya said that the review of the merger could probably see a conclusion in the third quarter of this year. 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 … I’m waiting for douyu merge . (https://reut.rs/33QxpFt) DouYu will […] Huya is the most popular online gaming site in China while DouYu is No. But now it looks like Tencent might have to “offer concessions” to satisfy Chinese regulators and get the green light for the deal, according to a Reuters report that … (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. Reuters. DouYu will receive 0.730 American depositary shares of Huya, representing a premium of 34.5 percent to DouYu's last close of $14, valuing it at nearly $6 billion, according to Reuters calculation based on 317.5 million shares. 1 videogame and social media firm, first announced plans to merge Huya and DouYu last year in a tieup designed to streamline its stakes in the firms, estimated by data firm MobTech to have an 80% slice of a market already worth more than $3 billion and growing fast. Huya will acquire all outstanding Douyu shares, including American depository shares. 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. Now, Chinese tech giant Tencent, which owns a 37% stake in Huya and 38% of Douyu, is reportedly in talks to merge the two, a deal that Bloomberg reports would “create an online giant with more than 300 million users and a combined market value of $10 billion.” Tencent Holdings wants the two largest Chinese live-streaming platforms to merge, according to multiple reports. (PHOTO / IC) Tencent Holdings Ltd is driving discussions to merge China’s biggest game-streaming platforms Huya Inc and DouYu International Holdings Ltd, people familiar with the matter said, in a deal that would allow it to dominate the US$3.4 billion arena.. Chen Shaojie, chairman and CEO of Douyu, said in an earnings call that the potential merger is on track and the timing depends on the approval process of the relevant regulators. Huya and Douyu are the top two game-streaming platforms in China, together taking up about an 80% market share. Streaming companies Huya and DouYu to merge . 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. DouYu’s American depositary receipts rose 12.5 per cent to $15.76 while Huya’s ADRs fell 9.7 per cent to $23.28. 1 videogame and social media firm, first announced plans to merge Huya and DouYu last year in a tieup designed to streamline its stakes in the firms, estimated by data firm MobTech to have an 80% slice of a market already worth more than $3 billion and growing fast. 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.. Tencent, China's No. HUYA is currently trading about $8 below its 52-week high of $36.33. DouYu DouYu generated net revenues of ¥2.15B ($ 334 M) during Q1 2021, which marks a de crease of 5.7 % year-over-year compared to ¥ 2.28 B ($ 354 M) in Q 1 20 20. Author of the article: Reuters. 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. 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. 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 Simultaneously, Tencent spent $810 million in exchange for 30 million Huya shares to hold 51% of the … 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. China’s two largest games live streaming companies Huya and DouYu, both of which have U.S. share listings, are to merge. Shares of the duo slumped in New York yesterday.Huya [NYSE: HUYA] came off 9.9 percent to close at USD24.04, while DouYu [NASDAQ: DOYU] fell 8.5 percent to USD13.97. Each Douyu ADS will receive .730 Huya ADSs representing one Huya Class A share. 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. HUYA’s forward P/E is a bit higher than DOYU’s, coming in at 35.16. Although, this major merger would apparently require the company to accept certain concessions. "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. 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. DouYu International Holdings (DOYU) was soaring Monday following its agreement to be merged by fellow Chinese streaming company (HUYA) acquired in an all-share deal. (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. Close Huya Douyu Tencent Live Streaming. When the merger specific deals was first announced, we see Huya drop by roughly 10-15% while DouYu rose by 10-15%. Tencent, China's No. At the close of the merger, each ordinary share of DouYu … Share. Every day you can read our game news.. Huya and DouYu are game streaming giants in China, set to merge in the first half of next year effectively giving them a monopoly in China and Southeast Asia. Joyy Inc (NASDAQ: YY), a large shareholder in Huya , provided written consent for the merger deal. Tencent, China’s No. Why it matters: The merger would see Tencent become the controlling owner of a gaming streaming behemoth with more than 300 million users—the largest in the country. The Chinese social media titan -- which owns a 37 percent stake in Huya and … The deal is expected to close within the first half of 2021 and will see DouYu become a subsidiary of Huya. 1 videogame and social media firm, first announced plans to merge Huya and DouYu last year in a tieup designed to streamline its stakes in the firms, estimated by data firm MobTech to have an 80% slice of a market already worth more than $3 billion and growing fast. Chinese live streaming platforms Huya and DouYu have entered an agreement to merge. Tencent reportedly driving Huya and DouYu to merge into livestreaming giant Merging Chinese Twitch rivals would create a business worth $10 billion with 300 million users The merger, which is … Huya and Douyu, China’s two largest game-centric livestreaming platforms, which Tencent looks to merge, both reported solid revenue growth in the fourth quarter of … Tencent will integrate its game live streaming business under its "Penguin" arm with the combined businesses of Huya and DouYu after the merger for a total consideration of $500 million. Is Huya … Article content. 1 videogame and social media firm, first announced plans to merge Huya and DouYu last year in a tie-up designed to streamline its stakes in the firms, estimated by data firm MobTech to have an 80 percent slice of a market already worth more than $3 billion and growing fast. Tencent Is the Big Gaming Winner as Huya and DouYu Agree to Merge. DouYu International Holdings Limited, is a game-centric live streaming platform that has pioneered eSports value chain in China. 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. (Bloomberg) -- Tencent Holdings Ltd. is driving discussions to merge China’s biggest game-streaming platforms Huya Inc. and DouYu International Holdings Ltd., people familiar with the matter said, in a deal that would allow it to dominate the $3.4 billion arena. These are Huya — which spun off from innovative parent company YY — and Douyu. 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 Presearch is a decentralized search engine, powered by the community. 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. 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.. On Oct. 12, the two platforms that make up about 80 percent of China's game live-streaming market said that they have agreed to merge. 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, China's No. Huya Inc (NYSE: HUYA) and DouYu International (NASDAQ: DOYU) announced a merger agreement Monday.. Huya and DouYu platforms will unite. The business combination is expected to close during the first half of 2021. Later that day, Huya responded to Chinese outlets that the company would cooperate with authorities, and was willing to report relevant materials to SAMR. 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. Tencent wants to merge China’s esports archrivals Douyu and Huya Tencent will also buy 1 million shares from Huya CEO Dong Rongjie. 1 videogame and social media firm, first announced plans to merge Huya and DouYu last year in a tieup designed to streamline its stakes in the firms, estimated by data firm MobTech to have an 80% slice of a market already worth more than $3 billion and growing fast. The deal comes after pressure from Tencent Holdings for the companies to merge. (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 is driving discussions to merge China’s biggest game-streaming platforms Huya and DouYu International in a deal that would allow it to dominate the $3.4 billion (Dh12.48bn) arena, according to sources. HUYA’s Merits. 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's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. The deal was initiated … By Dave Sebastian Huya Inc. has agreed to merge with DouYu International Holdings Ltd. through a stock-for-stock transaction, the live-streaming companies said. 07:30AM : Huya and DouYu … HUYA’s interactive broadcasting service empowers observers to watch and interact with gamers, musicians, and reality show stars in real-time. 1 videogame and social media firm, first announced plans to merge Huya and DouYu last year in a tieup designed to streamline its stakes in the firms, estimated by data firm MobTech to have an 80% slice of a market already worth more than $3 billion and growing fast. 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 . Merger. By Dave Sebastian Huya Inc. has agreed to merge with DouYu International Holdings Ltd. through a stock-for-stock transaction, the live-streaming companies said. DouYu's U.S.-listed shares, which have risen more than 65% this year, were up 23.2% before the bell. The game industry is growing fast! Tencent will buy 30 million shares from Joyy Inc for $810 million, in addition to purchasing 1 million shares from Huya's executive director Ronji Dong. DouYu shareholders will... | … DouYu shareholders will... | … Report. Tencent, China’s No. The deal was initiated by social media, games and streaming giant Tencent. Motley Fool. Tencent Holdings Ltd. is driving discussions to merge China’s biggest game-streaming platforms Huya Inc. and DouYu International Holdings Ltd., people familiar with the … Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. The merger deal planned by Tencent for two major gaming livestreaming platforms in China, Douyu and Huya, could further strengthen Tencent's leading position in the domestic market for games and esports, industry experts said.. Huya Chief Executive Officer Rongjie Dong and his DouYu counter-part Shaojie Chen, will be Co-CEOs of the combined company. China's live game streaming firms Huya, DouYu to merge Add a Comment GUANGZHOU and WUHAN, China, Oct. 12, 2020 /PRNewswire/ -- HUYA Inc. ("Huya") (NYSE: HUYA) and DouYu International Holdings Limited ("DouYu") (NASDAQ: DOYU) today announced that … That would mean that Douyu becomes a unit of Huya. 09:06AM : Huya Agrees to Buy DouYu to Create Chinese Game Streaming Giant. 07:47AM : China's live game streaming firms Huya, DouYu to merge. Sophia Yu. Each Douyu ADS will receive .730 Huya ADSs representing one Huya Class A share. Tencent Is the Big Gaming Winner as Huya and DouYu Agree to Merge. China's live game streaming firms Huya, DouYu to merge Add a Comment In total, Huya ended the first quarter of 202 1 with a net profit of ¥ 186 M ($ 28.9 M), up 8.4 % year-over-year from ¥ 171 M ($ 26.6 M) in the same period of last year. Tencent has offered to buy 30 million shares of Huya from part-owner Joyy Inc. -- itself a live-streaming service operator -- for $810 million, Joyy said. Tencent is looking to merge Huya and DouYu, which will make Tencent the largest shareholder of the proposed combined game streaming company.
Is Hse A Government Body Ireland,
Joni And Friends Cancer Update,
The Inheritance Of Loss Setting,
Best Fast Food Breakfast Reddit 2020,
Camper Van For Sale Cleveland, Ohio,
Andre The Seal True Story,
Video Call Green Screen,
Dresden Municipal Office,
Plastic Scooter For Toddlers,
Recent Comments