Scienjoy to acquire live streaming platform BeeLive; shares jump

Scienjoy Holding

13/08/2020 12:44

** Shares of live streaming websites operator  SJ.O  surge
more than 50% to $9.30 premarket
    ** Stock set for a three-month high after co says it will
acquire live streaming platform BeeLive for RMB300 mln
 urn:newsml:reuters.com:*:nPn61y3Mta
     ** Amount includes cash consideration of RMB50 mln and
share consideration of RMB250 mln 
    ** YTD, stock down ~39%
    
    (1 RMB= 0.14 USD)

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))