Asia
Tencent Proposes to Merge Douyu and Huya

China’s two leading esports competitors, DouYu and Huya, could merge into one entity in the near future. DouYu International Holdings Limited, is a game-centric live streaming platform that has pioneered eSports value chain in China. The company revealed that it had received a preliminary non-binding proposal letter from Tencent Holdings Limited, the holding company of Huya Inc. As per the letter dated August 10, 2020, Tencent proposes for merger of DouYu and Huya.
The letter offers details about a possible stock-for-stock merger, by which Huya or its subsidiary would acquire each outstanding ordinary share of DouYu.
DouYu’s press release confirmed that its board of directors is reviewing and evaluating the proposal. The board also issued a caution that no decision has been taken on the matter and any decision would be taken only after careful review and evaluation.
-
Africa4 days ago
New Governing Board of the Gaming Commission of Ghana Sworn in
-
Africa6 days ago
pawaTech strengthens its integrity commitment with membership of the International Betting Integrity Association
-
Baltics7 days ago
Estonian start-up vows to revolutionise iGaming customer support with AI
-
Asia7 days ago
FIFA, NBA, UFC and More Sports Events Go Live – Crypto Sportsbook BETY Offers Global Sports Betting Coverage 2025
-
Gambling in the USA6 days ago
Gaming Americas Weekly Roundup – June 16-22
-
Africa6 days ago
SA Rugby Renews its Partnership with Betway
-
Asia6 days ago
Polemos Announces Partnership with Guinevere Capital
-
Compliance Updates7 days ago
ANNOUNCEMENT RE: EXTENSION OF PROVISIONAL LICENSES ISSUED ON 24TH DECEMBER 2024