16 October, 2020
Skadden advised the Huya Special Committee in connection with the US$ 10 billion merger of Huya Inc. ("Huya") with DouYu International Holdings Limited ("DouYu"). The two companies operate China's most popular game live streaming platforms. As part of the agreement, NYSE-listed Huya will acquire all the outstanding shares of Nasdaq-listed DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger. As a result of the merger, DouYu will become a wholly-owned subsidiary of Huya. The transaction is expected to close during the first half of 2021.
The Skadden team was led by partners Julie Gao (Hong Kong), Peter Huang (Beijing) and Haiping Li (Shanghai), with counsel Yilin Xu (Hong Kong) and associates Flora Lu (Shanghai), Weiwei Chen (Hong Kong), Charles Shi (Hong Kong) and Xiaoqiu Huang (Shanghai).
