Merck Raises Growth Outlook, Targets $70 Billion Revenue From New Drugs by Mid-2030s 
U.S. Government Invests $1 Billion in L3Harris Rocket Motor Business to Secure Missile Supply Chain 
Trump Administration Approves Nvidia H200 AI Chip Sales to China Under New Export Rules 
Trump Weighs Blocking Exxon Investment as Venezuela Deemed “Uninvestable” 
Amazon Reviews Supplier Costs as U.S.–China Tariffs Ease 
Trump Considers Starlink to Restore Internet Access in Iran Amid Protests 
Netflix Plans All-Cash Bid for Warner Bros Discovery Studios Amid Intense Hollywood Takeover Battle 
Saks Global Files for Bankruptcy Protection Amid Mounting Luxury Retail Pressures 
Lynas CEO Amanda Lacaze to Retire After 12 Years as Rare Earths Demand Grows 
Alphabet Stock Poised for Growth as Bank of America Sees Strong AI Momentum Into 2026 
Starlink Internet Remains Active in Iran Despite Nationwide Blackout 
Tesla, EEOC Move Toward Mediation in Racial Harassment Lawsuit 
Vitol to Ship First U.S. Naphtha Cargo to Venezuela Under New Oil Supply Deal 
Anthropic Launches HIPAA-Compliant Healthcare Tools for Claude AI Amid Growing Competition 
BESI Reports Strong Q4-25 Orders Surge Driven by Data Center and Hybrid Bonding Demand 
Coca-Cola Shelves Costa Coffee Sale After Low Private Equity Offers 
Nvidia Denies Upfront Payment Requirement for H200 AI Chips Amid China Export Scrutiny 
GUANGZHOU, China, April 03, 2017 -- YY Inc. (NASDAQ:YY) (“YY” or the “Company”), a live streaming platform, today announced that it has completed its previously announced repurchase right offer relating to its 2.25% Convertible Senior Notes due 2019 (the “Notes”). The repurchase right offer expired at 5:00 p.m., New York City time, on March 30, 2017. Based on information from Deutsche Bank Trust Company Americas as the paying agent for the Notes, US$399,000,000 aggregate principal amount of the Notes were validly surrendered and not withdrawn prior to the expiration of the repurchase right offer. The aggregate purchase price of such Notes was US$399,000,000. The Company has accepted all of the surrendered Notes for repurchase and has forwarded cash in payment of the same to the paying agent for distribution to the applicable holders.
Materials filed with the SEC will be available electronically without charge at the SEC's website, www.sec.gov. Documents filed with the SEC may also be obtained without charge at the Company's website, http://investors.yy.com.
About YY Inc.
YY Inc. (“YY” or the “Company”) is a live streaming platform that enables users to interact in live online group activities through voice, text and video. Launched in July 2008, YY Client, the Company’s core product, empowers users to create and organize groups of varying sizes to discover and participate in a wide range of activities, including online music and entertainment, online games, online dating, live game broadcasting and education. YY Inc. was listed on NASDAQ in November 2012 and generated revenues of US$910 million in the fiscal year 2015.
CONTACT: For further information, please contact: YY Inc. Yuffie Fu Tel: +86 (20) 8212-0000 Email: [email protected] ICR, Inc. Jessie Fan Tel: +1 (646) 915-1611 Email: [email protected]
