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Douyu and Huya Make it True for Merger

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.

Jack Chan

Pre Editor in Chief of FirmKnow News.
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