Business
Tencent Kicks Off Deal to Create $10 Billion Streaming Giant – Bloomberg
Tencent Holdings Ltd. has proposed a deal to merge DouYu International Holdings Ltd. with Huya Inc., creating a Chinese game streaming leader akin to Amazon’s Twitch with a market value of more than $10 billion.
Tencent Holdings Ltd. has proposed a deal to merge
DouYu International Holdings Ltd. with
Huya Inc., creating a Chinese game streaming leader akin to Amazon’s Twitch with a market value of more than $10 billion.
Tencent has offered to buy 30 million shares of Huya from part-owner
Joyy Inc. — itself a live-streaming service operator — for $810 million,
Joyy
said. It separately proposed a merger via a share swap of Huya and Douyu, they
said, confirming a deal Bloomberg News first
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