Tencent plans to take US-listed video game streaming firm Douyu private

Tencent Holdings Ltd plans to take Douyu International Holdings Ltd private amid disagreements over strategy among executives at the Chinese video game streaming firm, two people with direct knowledge of the matter said.Tencent, the biggest shareholder in Nasdaq-listed Douyu with a 37 per cent 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.China…

Stay connected with us on social media platform for instant update click here to join our T witter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Business News Click Here

Read original article here

Denial of responsibility! Rapidtelecast.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.