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DanWebzster

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DanWebzster

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Re: DanWebzster post# 115

Sunday, 07/15/2018 7:18:31 AM

Sunday, July 15, 2018 7:18:31 AM

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YY (update)

YY continues to languish while it's HUYA spinout flourishes.

YY MC = ~$6.5B. HUYA MC = ~$6B. At 48% ownership, the market is valuing YY at ~$3.6B ( less than 10x earnings)

Plus YY has ~$2B in cash

The drag on YY equity has to do with its agreement with TCEHY to have the option of acquiring a total of 50.1% ownership of HUYA

If TCEHY takes this option, YY ownership of HUYA would be reduced to 30%; but, their cash position would increase accordingly.

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