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

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Go back to DouYu (DOYU) Receives Preliminary Non-Binding Proposal from Tencent for Strategic Combination of DouYu and Huya

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

August 10, 2020 7:00 AM EDT

WUHAN, China, Aug. 10, 2020 /PRNewswire/ -- DouYu International Holdings Limited ("DouYu" or the "Company") (Nasdaq: 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 (the "Board") has received a preliminary non-binding proposal letter, dated August 10, 2020, from Tencent Holdings Limited, proposing that DouYu and HUYA Inc. ("Huya") (NYSE: 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... More