UPDATE: China Renaissance Assumes DouYu (DOYU) at Hold
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DouYu (DOYU) PT Lowered to $5.50 at JPMorgan
July 12, 2021 10:22 AM EDTJPMorgan analyst Daniel Chen lowered the price target on DouYu (NASDAQ: DOYU) to $5.50 (from $12.00) while maintaining a Neutral rating.... More
Chinese streaming firm DouYu terminates $5.3 billion merger with Huya
July 12, 2021 7:26 AM EDT(Reuters) -DouYu International Holdings Ltd said on Monday it had terminated its $5.3 billion deal with Huya Inc, two days after China's market regulator blocked Tencent Holding Ltd's plans to merge the country's top two videogame streaming sites.
China's State Administration of Market Regulation (SAMR) on Saturday said it... More
DouYu International (DOYU) Announces Termination of Merger Agreement with Huya (HUYA)
July 12, 2021 7:15 AM EDTDouYu 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 on July 10, 2021, the State Administration for Market Regulation of the People's Republic of China, or the SAMR, posted an announcement of its decision to prohibit the proposed merger (the "Merger") between HUYA Inc. ("Huya") and DouYu International Holdings Limited ("DouYu") following SAMR's antitrust review (the "SAMR Decision"). DouYu fully respects and will abide by the SAMR Decision, and will comply with... More
