Huya Live, a Chinese video live streaming service, said today that Tencent has invested $262.6 million to acquire 16.52 million of its Class B shares. After completion, Tencent will become Huya's largest shareholder.
Huya stated that Linen Investment Limited, a wholly-owned subsidiary of Tencent, issued a notice to Huya and Huanju Group, saying that it had exercised its equity and purchased 16,652,619 shares of Huya Class B ordinary shares for a total purchase price of approximately 262.6 million in cash.
After the transaction was completed, Tencent became the largest shareholder of Huya, and the voting right increased to 50.1%, which means that Tencent will control Huya.
In recent years, Tencent has always been very interested in the field of live broadcasting. It has hatched a number of live broadcast products, including Penguin Live, NOW Live, etc., and has invested in a number of live broadcast platforms. The second-largest shareholder.
With the holding of Huya, the rumored merger of Huya and Douyu seems to be gradually clear,
After the successive failure of small and medium-sized live streaming platforms such as Panda Live, the live broadcast market will become a game for giants in the future. Bilibili, Kuaishou, and Douyin are also coveted for live broadcast, especially the game live broadcast market has been coveted for a long time.
More on Tech Industry
