DouYu (DOYU) Announces Receipt of Preliminary Non-Binding Proposal from Tencent for Strategic Combination of DouYu (DOYU) and Huya (HUYA)

  • August 10, 2020


StockDouYu International Holdings LimitedSymbolDOYU
Date Announced08/10/2020Source Press Release
TypeUnsolicited BidAcquiring Company/Person HUYA Inc.
Date of Confirmation: 10/12/2020Price at Confirmation: $15.68
Potential Profit: 6.88%Annualized Profit: 39.89%

DouYu International Holdings Limited (DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced that its Board of Directors has received a preliminary non-binding proposal letter, dated August 10, 2020, from Tencent Holdings Limited, proposing that DouYu and HUYA Inc. (HUYA) enter into a stock-for-stock merger, as a result of which Huya or its subsidiary would acquire each outstanding ordinary share of DouYu

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