Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Tencent Holdings Limited    700   KYG875721634

TENCENT HOLDINGS LIMITED

(700)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

China's live game streaming firms Huya, DouYu to merge

10/12/2020 | 08:43am EST

Oct 12 (Reuters) - Huya Inc will buy DouYu International Holdings Ltd in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday.

Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August. (https://reut.rs/33QxpFt)

DouYu will receive 0.730 American depositary shares of Huya, representing a premium of 34.5% to DouYu's last close of $14, valuing it at nearly $6 billion, according to Reuters calculation based on 317.5 million shares.

The merged entity would have a combined market share of more than 80% in the country, according to data from MobTech.

Huya and DouYu said their shareholders will each hold about 50% shares of the combined company on a fully diluted basis.

Huya Chief Executive Officer Rongjie Dong and his DouYu counter-part Shaojie Chen, will be Co-CEOs of the combined company.

Tencent will integrate its game live streaming business under its "Penguin" arm with the combined businesses of Huya and DouYu after the merger for a total consideration of $500 million.

DouYu's U.S.-listed shares, which have risen more than 65% this year, were up 23.2% before the bell. (Reporting by Manas Mishra and Subrat Patnaik in Bengaluru; Editing by Vinay Dwivedi)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HUYA INC. -1.32% 19.58 Delayed Quote.9.97%
JOYY INC. -0.54% 85.18 Delayed Quote.62.34%
TENCENT HOLDINGS LIMITED 2.61% 589 End-of-day quote.56.82%
All news about TENCENT HOLDINGS LIMITED
08:08aBeijing city govt private equity arm will not invest in Danke - statement
RE
12/02China buys first Indian rice in decades amid scarce supply
RE
12/02EXCLUSIVE : China's Ant considers Paytm stake sale amid tensions with India - so..
RE
12/01EXCLUSIVE : Beijing city in talks to rescue property firm Phoenix Tree - sources
RE
12/01Beijing city in talks to rescue property firm Phoenix Tree -sources
RE
11/30Italy's Satispay aims to triple users by 2023, grow abroad
RE
11/29Exclusive-Alibaba, Tencent put talks to buy iQIYI stake on hold due to price,..
RE
11/27Wall St. gains, Nasdaq hits record high as holiday shopping begins
RE
11/27Nasdaq hits record high as holiday shopping begins
RE
11/27Wall St headed higher on recovery hopes after Thanksgiving holiday
RE
More news
Financials
Sales 2020 481 B 73 481 M 73 481 M
Net income 2020 128 B 19 568 M 19 568 M
Net cash 2020 71 088 M 10 867 M 10 867 M
P/E ratio 2020 44,5x
Yield 2020 0,23%
Capitalization 5 604 B 723 B 857 B
EV / Sales 2020 11,5x
EV / Sales 2021 9,17x
Nbr of Employees 77 592
Free-Float 60,4%
Chart TENCENT HOLDINGS LIMITED
Duration : Period :
Tencent Holdings Limited Technical Analysis Chart | 700 | KYG875721634 | MarketScreener
Technical analysis trends TENCENT HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 50
Average target price 577,06 CNY
Last Close Price 589,00 CNY
Spread / Highest target 21,8%
Spread / Average Target -2,03%
Spread / Lowest Target -40,0%
EPS Revisions
Managers
NameTitle
Hua Teng Ma Executive Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Yu Xin Ren COO & President-Interactive Entertainment Group
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
TENCENT HOLDINGS LIMITED56.82%704 486
NETFLIX, INC.55.57%222 391
PROSUS N.V.38.85%181 614
UBER TECHNOLOGIES, INC.78.51%93 638
NASPERS LIMITED37.48%87 853
SPOTIFY TECHNOLOGY S.A.114.57%60 836