Douyu and Huya, two major game live streaming platforms, have finally taken the first step of the merger. On Aug 10th, Douyu said in a statement that its board had received a non-binding preliminary proposal from Tencent Holdings for a share-for-share merger between Douyu and Huya.
Meanwhile, JOYY also revealed that the company has reached a final share transfer agreement with Linen Investment Limited, a wholly-owned subsidiary of Tencent holdings. The company will transfer 30 million common shares of Huya, with a total value of 810 million US dollars, to Tencent Holdings.
