Why Are DouYu Shares Trading Higher Premarket? - Tencent Holdings (OTC:TCEHY), DouYu Intl Hldgs (NASDAQ:DOYU)

Tencent Holdings Ltd TCEHY looks to take DouYu International Holdings Ltd DOYU private by 2022 end amid disagreements over strategy among executives at the Chinese videogame streaming firm, Reuters reports.
Tencent, the biggest shareholder in DouYu, has a 37% stake.
Tencent aims to team up with at least one private equity firm for the deal and is currently talking to investment banks.
DouYu is one of Tencent's leading platforms for game marketing and China's No. 2 videogame streaming site.
The report adds DouYu debated its business strategy after regulators blocked Tencent's plans to merge it with bigger rival HUYA Inc HUYA on antitrust grounds.
DouYu executives debated whether to stick with live game streaming as its core business or shift towards more profitable entertainment live streaming.
The take-private plans reflect Tencent's desire to have a firm grip on its core gaming affiliates when it faces a raft of regulatory issues.
Price Action: DOYU shares traded higher by 9.05% at $2.41 in the premarket session on the last check Thursday.