Bilibili shareholders approve $200M repurchase and Tencent convertible note subscription

Bilibili shareholders approved a special resolution on a subscription and repurchase agreement with Tencent subsidiaries. Bilibili will repurchase 13,591,090 Class Z ordinary shares for $200 million, while Tencent will subscribe to $200 million of Bilibili's convertible senior notes due 2031.

Detected & updated continuously · Source: Nebula