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Tencent Now Majority Shareholder Of Huya

Chinese live-streaming platform Huya have announced that Tencent Holding have exercised their option to acquire more equity in the company. Based on the total issued and outstanding shares of Huya, Tencent Holdings will now own 50.9% of the company.

These additional shares were acquired from JOYY, the parent company of popular Chinese social media platform YY.com, and saw 16.5 million shares of Huya be sold at $262.6M USD.

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