China’s two largest games live streaming companies Huya and DouYu, both of which have U.S. share listings, are to merge. The deal was initiated by social media, games and streaming giant Tencent.
According to terms published on Monday, the shareholders of the two companies will come out roughly equal, and Huya will make an all stock offer for the shares of DouYu. Reuters calculates that DouYu is valued at $6 billion by the deal terms.
Huya CEO Dong Rongjie and his DouYu’s Chen Shaojie, will be co-CEOs of the combined company.
At the same time, it has also been agreed that Tencent will sell its own game live streaming business Penguin eSports for $500 million, after the Huya-DouYu deal is completed. That will enable a three-way consolidation of the sector.
Assuming that the deal receives regulatory approval and closes in the first half of 2021, the merged company will be
The UK’s two biggest crowdfunding platforms have announced plans to merge.
Crowdcube and Seedrs said in a joint statement on Monday they had agreed the terms of a merger. The combined company will be worth £140m ($181.2m).
Crowdcube will acquire Seedrs under the terms, with Crowdcube’s shareholders owning 60% of the combined business. Seedrs investors will receive 40%, reflecting the differing valuations of the two companies. Crowdcube was last valued at £84m and Seedrs is worth £56m. The exact financial terms weren’t disclosed.
“Today’s agreement is an incredibly exciting milestone that will benefit high growth businesses, their investors who believe in their vision and the wider entrepreneurial ecosystem that supports them,” said Darren Westlake, Crowdcube’s founder and chief executive.
“Together with Seedrs, we can accelerate plans to further expand in the UK and
MINNEAPOLIS, Oct. 1, 2020 /PRNewswire/ — Revel and NovuHealth, two of the nation’s leading healthcare consumer engagement, communications and technology companies, today announced a merger of the companies effective immediately. The merger establishes Revel and NovuHealth as the largest technology company focused on member engagement for healthcare’s most trusted organizations. NovuHealth CEO Steve Wigginton will serve as CEO, while Revel CEO Jeff Fritz will transition to an advisor to the CEO and the board of directors of the merged company.
“There is enormous pressure to motivate health actions as health plans, federal and state regulators, and consumers all look for new ways to engage with the healthcare system and impact outcomes,” said Steve Wigginton, CEO of NovuHealth. “Jeff and his team built Revel into a high-growth company that has been revolutionizing the healthcare action space. Now, combined with the deep industry and regulatory experience of NovuHealth, including market
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Sep 24, 2020 (WiredRelease via Comtex) —
The latest research report provides a complete assessment of the Global Virtual Reality for Smartphone market for the forecast year 2020-2029, which is beneficial for companies regardless of their size and revenue. This Survey report covering the major market insights and industry approach towards COVID-19 in the upcoming years 2020-2029. The Virtual Reality for Smartphone Market Report presents data and information on the development of the investment structure, technological improvements, market trends and developments, capabilities, and comprehensive information on the key players of the Virtual Reality for Smartphone Market. The market strategies undertaken, with respect to the current and future scenario of the industry, have also been listed in the study.
The report begins with a brief presentation and overview of the Virtual Reality for Smartphone market, about the current