This post is another in a series I do on an irregular basis. A “quickie” idea is an investment specific idea that I’ve been mulling over and find interesting, but haven’t dove fully into yet.
Looks like folks knew deal was going to be blocked. These companies, which were previously in a fairly bloodthirsty competition for streaming talent, have been coordinating for a year now so perhaps the market looks at Huya as having gained a leg up over that time as it was to be the surviving entity.
Its China investing my friend and its hubris to think the market is that inefficient.
You are investor in the US and those in-the-know are in China. Its why rarely if ever invest long there.
news out, deal blocked by regulator.
This is why China is uninvestible. We Americans are literally the dumbest money at the poker table.
Looks like folks knew deal was going to be blocked. These companies, which were previously in a fairly bloodthirsty competition for streaming talent, have been coordinating for a year now so perhaps the market looks at Huya as having gained a leg up over that time as it was to be the surviving entity.
Did you see the news about gambling and porn on douyu? That might be the reason. Maybe government about to shut down the company?
June 24 was the biggest increase in the spread since the deal was announced.