GUANGZHOU and WUHAN, China: Chinese live streaming platforms HUYA Inc. and DouYu International Holdings Limited have announced a merger agreement that entails Huya acquiring all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger.
The merged entity would create a $11 billion behemoth and have a combined market share of more than 80% in the country, according to data from MobTech.