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 … (Reuters) - Huya Inc (N: HUYA) will buy DouYu International Holdings (NASDAQ: DOYU) Ltd in a stock-for-stock merger deal, the Chinese live game … If you own DouYu shares at that time, they will be exchanged for Huya shares at a rate of 1 DouYu American depositary shares (ADS) for 0.73 Huya shares (which is very generous at their current prices). According to the companies investor relations information, 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. The merger, which is expected to close during the first half of 2021, will see Douyu delist from Nasdaq after Huya buys all of its outstanding shares via a stock-for-stock deal, according to Monday’s announcement from two firms. Get a real-time DouYu (DOYU) stock price quote with breaking news, financials, statistics, charts and more. Chinese video game streaming firms Huya Inc. and DouYu International Holdings Ltd. have announced that they are set to merge in a stock-for-stock transaction, creating a combined entity valued at approximately China's Tech Crackdown Turns Toward Tencent-Backed Douyu, Huya Merger. 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 will buy Douyu in a stock-for-stock merger deal, the companies said in October. The merged company will be 68% owned by Tencent. On August 10, 2020, Huya and DouYu came to consent on the stock-for-stock merger deal with Tiger Company Limited. Joining forces makes sense. The merger would make a … Is Huya stock (HUYA) a buy today? The merged entity would have a combined Chinese market share of more than 80%, according to data from MobTech. In late 2020, HUYA and streaming competitor DouYu International Holdings Limited (DOYU) announced a merger agreement. The deal was initiated by … What Happened: The Huya-Douyu merger deal announced in October, ... For each ADS held in Douyu, Huya agreed to pay 0.730 ADS (equal to 1 Huya Class A stock) in consideration. Huya and Douyu are the top two game-streaming platforms in China, together taking up about an 80% market share. Motley Fool. Tencent proposes a stock-for-stock merger between DouYu and its own game streaming platform Huya, as a result of which Huya or its subsidiary would acquire the shares of DouYu. Motley Fool. Tencent has been reportedly pushing for the merger … 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. The current plan will see Huya acquire all outstanding shares of DouYu in a stock-for-stock merger, resulting in the shareholders of each company holding about 50 per cent of … October 12, 2020 - 7:30 am. Huya will buy DouYu International Holdings in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday. (Reporting … Rongjie Dong, Huya’s current CEO, and Shaojie Chen, Douyu’s current CEO, will become co-CEOs of the combined company. DOYU – The gaming and esports industry has been growing steadily over the past couple years. Huya Inc will buy DouYu International Holdings Ltd in a stock-for-stock merger deal, the Chinese live streaming companies said on Monday. According to reports in Chinese local media, Huya and DouYu jointly announced that the two parties have signed a "merger agreement and plan". The deal, likely driven by … On October 12, 2020, HUYA and DouYu International Holdings Limited entered into a merger agreement under which HUYA will acquire all the outstanding shares of DouYu for $6 billion. At the moment (August 12, 2020) the market capitalization of Huya (NYSE: HUYA) is $ 5.28 billion and Douyu (NASDAQ: DOYU) is totaling $ 4.58 billion. However, the merger plans have been put on hold after Chinese regulators said they intended to review the acquisition proposal as part of an antitrust crackdown. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a … GUANGZHOU/ WUHAN (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. American depositary receipts of DouYu were climbing 12.5% to $15.76, while Huya ADRs were down 9.7% to $23.28. Pursuant to the Merger Agreement, Huya will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a … And on Friday its ADR-form shares dropped only 3.3% to $12.14, leaving the stock up since the beginning of the year, when it opened at $11.46. Given the 12% increase in DouYu stock price and an equivalent decline in the price of HUYA, the movement so far seems mainly the arbitrage funds taking a position for the merger. Tencent has proposed a stock-for-stock merger of US listed Huya and Douyu, a deal that would consolidate its lead in the mainland Chinese gaming and e-sports markets 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. (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. 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 … We propose that Huya and DouYu enter into a stock-for-stock merger to be effected pursuant to applicable laws, as a result of which Huya (or a subsidiary of Huya… 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. Tencent, which owns significant shares in both the companies, was pressing forward for the merger for quite some time.
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