近日,虎牙直播(下称“虎牙”)和武汉斗鱼网络科技有限公司(下称“斗鱼“)正式宣布进行战略合并。世达国际律师事务所为虎牙提供法律意见,瑞生国际律师事务所则代表其最大股东腾讯参与交易。

根据该合并协议,虎牙将通过换股合并方式收购斗鱼全部流通股,包括以美国存托股(ADS)为代表的普通股。斗鱼在合并前已发行的股份及ADS将取消,斗鱼将成为虎牙私有全资子公司,并将从纳斯达克退市。此次交易对价约为60亿美元。在签署本合并协议的同时,斗鱼和腾讯还签署了一份权益转让协议,由腾讯将其在企鹅电竞业务的权益转让给斗鱼,双方将深化合作并将企鹅电竞业务整合至虎牙和斗鱼合并后的业务平台。

世达团队牵头律师为合伙人高准、黄小霈、李海平;瑞生团队牵头律师为苏国瑞、孙秋宁、Christopher Drewry、Greg Roussel、Bradley Faris、Alex Cohen、Paul Dudek、Brian Miller、Hanno Kaiser、Héctor Armengod、Michelle Carpenter、Samuel Weiner.

Skadden, Latham advise on $6 bln merger of Chinese live game streaming firms Huya, DouYu

Skadden, Arps, Slate, Meagher & Flom has advised China’s Huya on agreement to buy live game streaming peer DouYu International. Latham & Watkins has represented Tencent, which is Huya’s biggest shareholder and also owns more than a third of DouYu.

The two companies operate China's most popular game live streaming platforms. As part of the agreement, Huya will acquire all the outstanding shares of DouYu through a stock-for-stock merger, said Reuters, which added that the merged entity would have a combined market share of more than 80 percent in China.

Tencent will integrate its game streaming business under its production company Tencent Penguin Pictures after the merger for a total consideration of $500 million.

The Skadden team was led by partners Julie Gao, Peter Huang and Haiping Li.

Partners Benjamin Su, Frank Sun, Christopher Drewry, Greg Roussel, Bradley Faris, Alex Cohen, Paul Dudek, Brian Miller, Hanno Kaiser, Héctor Armengod, Michelle Carpenter and Samuel Weiner led the Latham team.

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