DouYu (DOYU) Receives Preliminary Non-Binding Proposal from Tencent for Strategic Combination of DouYu and Huya
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August 11, 2020 5:48 AM EDT
HUYA Inc. (NYSE: HUYA) reported Q2 EPS of $0.14, $0.03 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $381.8 million versus the consensus estimate of $377.89 million.
Second Quarter 2020 Highlights
Total net revenues for the second quarter of 2020 increased by 34.2% to RMB2,697.2 million (US$381.8 million), from RMB2,010.5 million for the same period of 2019.Net income attributable to HUYA Inc. was RMB226.8 million (US$32.1 million) for the second quarter of 2020, representing an increase of 86.2% from RMB121.8 million for the same period of 2019.Non-GAAP net income attributable to HUYA Inc.[1] was...
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August 10, 2020 7:20 AM EDT
DouYu International Holdings Limited (NASDAQ: DOYU) to Resume Trading at 7:30 am
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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
