Huya to buy DouYu to create Tencent-owned game-streaming giant

guest · Oct 14, 2020

Huya to buy DouYu to create Tencent-owned game-streaming giant
October 12, 2020
https://techcentral.co.za/huya-to-buy-douyu-to-create-tencent-owned-game-streaming-giant/101971/

Huya has agreed to buy DouYu International Holdings in an all-share deal that will create a Chinese game-streaming giant with a market value of more than US$11-billion.

Tencent Holdings, which currently owns stakes in both companies, will hold about 68% of the merged business’s voting shares, giving the WeChat operator control over a live-streamed gaming leader akin to Amazon.com’s Twitch. China’s game-streaming market is estimated to generate 23.6-billion yuan ($3.5-billion) in revenue this year, according to iResearch.
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The boards of both companies have 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 favour.

Tencent will assign interests in its live-streaming business, Penguin e-Sports, to the newly merged company for $500-million, the companies said. The Tencent deal is expected to close concurrently with Huya and DouYu’s combination.
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guest · Dec 14, 2020

China market regulator investigates merger between Douyu and Huya
December 14, 2020
https://www.reuters.com/article/us-...s-merger-between-douyu-and-huya-idUSKBN28O0HV

China’s market regulator said on Monday it is investigating the merger between Tencent-backed live game-streaming companies Douyu International Holdings and Huya Inc.

Huya Inc will buy Douyu in a stock-for-stock merger deal, the companies said in October. The merged entity would have a combined Chinese market share of more than 80%, according to data from MobTech.
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