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0.00845921450151061 0.00845921450151061 0.00845921450151061 0.00845921450151061 0.0151057401812689 0.0169184290030212 0.0102719033232629 -0.0332326283987916
Stock impact report

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

DouYu International Holdings Limited - American Depositary Shares (DOYU) 
Last douyu international holdings limited - american depositary shares earnings: 3/19 02:00 am Check Earnings Report
Company Research Source: PR Newswire
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 (including ordinary shares represented by American depositary shares) (the "Proposed Transaction"). Pursuant to the Proposed Transaction, shareholders of DouYu will receive a to be agreed number of newly issued Class A ordinary shares of Huya for their respective DouYu shares. A copy of the proposal letter is attached hereto as Exhibit A.The Board plans to review and evaluate the Proposed Transaction. The Board c Show less Read more
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