JOYY Inc. Announces Transfer of Shares of HUYA Inc. to Tencent

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Go back to JOYY Inc. Announces Transfer of Shares of HUYA Inc. to Tencent

HUYA Inc. (HUYA) Announces Receipt of Preliminary Non-Binding Proposal from Tencent

August 10, 2020 7:20 AM EDT

HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced that its Board of Directors (the "Board") has received a preliminary non-binding proposal letter, dated August 10, 2020, from Tencent Holdings Limited ("Tencent"), proposing that Huya and DouYu International Holdings Limited ("DouYu") enter into a stock-for-stock merger to be effected pursuant to applicable laws, as a result of which Huya or its subsidiary would acquire each outstanding ordinary share of DouYu, including ordinary shares represented by American... More