China's DouYu dives, surrenders all of Thursday's gains

DouYu International Holdings

28/01/2022 17:32

** U.S.-listed shares of videogame streamer DouYu
International  DOYU.O  down 16.1% to $2.12, on course for
biggest one-day pct decline in about six months
    ** DOYU's shares on Thurs finished up 14% at $2.52 after
Reuters reported, citing sources, Tencent Holdings Ltd  0700.HK 
plans to team up with at least one private equity firm to take
it private  urn:newsml:reuters.com:*:nL1N2U8034
    ** Tencent, #1 DOYU shareholder with 37% stake, talking to
investment banks about the deal, per the report
    ** DOYU is one of the main game marketing platforms for
Tencent, owner of hit games "Honor of Kings" and "PUBG Mobile"
    ** DOYU made its Nasdaq debut in Jul 2019 after IPO priced
at $11.50/sh. Stock hit all-time high $20.54 in Feb 2021

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))