(Bloomberg) — Huya Inc. has agreed to buy DouYu International Holdings Ltd. in an all-share deal that will create a Chinese game-streaming giant with a market value of more than $11 billion.Investors have been offered 0.73 American depositary shares of Huya for each ADS of DouYu, the companies said in a statement on Monday. That values DouYu’s ADSs at about $18.83 apiece as of Friday’s closing price, a 35% premium, and values the company’s equity at about $5.98 billion.Tencent Holdings Ltd., which currently owns stakes in both companies, will hold about 68% of the merged business’s voting shares, giving the …read more
Source:: Yahoo Finance
