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PUBG owner Tencent plans to take US-listed streaming firm DouYu private

Shares in DouYu, one of Tencent's main platforms for game marketing and China's No. 2 videogame streaming site, surged as much as 17.6% on the news, closing 14% higher on Thursday

Photo: Reuters
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Photo: Reuters

Reuters
Tencent Holdings Ltd plans to take DouYu International Holdings Ltd private amid disagreements over strategy among executives at the Chinese videogame streaming firm, two people with direct knowledge of the matter said.

Tencent, the biggest shareholder in Nasdaq-listed DouYu with a 37% stake, wants to team up with at least one private equity firm for the deal and is currently talking to investment banks, they said.

It is aiming to complete the deal this year, said one of the people.

Shares in DouYu, one of Tencent's main platforms for game marketing and China's No. 2 videogame streaming site, surged as

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jan 28 2022 | 9:34 AM IST

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