Communication Aug 10, 2020 06:12 PM (GMT+8) · EqualOcean
On Aug 10,JOYY Inc. (Nasdaq: YY), a global video-based social media platform, today announced that, JOYY has entered into a definitive share transfer agreement with Linen Investment Limited, a wholly-owned subsidiary of Tencent Holdings Limited, pursuant to which JOYY will transfer 30,000,000 Class B ordinary shares of HUYA Inc. (NYSE: HUYA), a leading game live streaming platform in China, to Tencent for an aggregate purchase price of USD 810 million in cash. The share transfer is subject to customary closing conditions.