DouYu jumps on Reuters report of Tencent's take-private plan

DouYu International Holdings

27/01/2022 13:51

** U.S.-listed shares of Chinese videogame streaming firm
 DOYU.O  up 10% at $2.43 premarket; set for their biggest pct
jump in nearly a month if gains hold 
    ** Tencent Holdings Ltd  0700.HK  plans to team up with at
least one private equity firm to take DOYU private, Reuters
reported citing sources  urn:newsml:reuters.com:*:nL8N2U62LL
    ** Tencent is currently talking to investment banks about
the deal, according to two people with direct knowledge of the
matter 
    ** DouYu is one of the main game marketing platforms for
Tencent, owner of hit games "Honor of Kings" and "PUBG Mobile"
    ** Up to Wednesday's close, DOYU stock has lost over 83% of
its value in past 12 months 

 (Reporting by Manas Mishra)
 ((Manas.Mishra@thomsonreuters.com;
www.twitter.com/Manaswrites15))