Bilibili Inc. (BILI) Form 6-K — Nov 6, 2026
Bilibili completed the Tencent Notes Subscription and Concurrent Tencent Repurchase on November 5, 2026, with Tencent subscribing for US$200 million in convertible senior notes while Bilibili repurchased US$200 million of Tencent-held Class Z Ordinary Shares and ADSs. The two transactions were settled by set-off against each other. The repurchase of 13,591,090 shares at HKD 115.38 per share (HKD 1,568,140,000 aggregate) reduces Tencent's stake from roughly 3.3% to zero absent note conversion, and to about 2.3% if the notes fully convert. Total shares outstanding fall from 413,339,206 to 399,748,116 excluding conversion.
Key figures
- Debt Amount
- 200000000
- Closing date
- 2026-11-05
- Tencent stake before
- 3.3%
- Shares outstanding before
- 413339206
- Shares repurchased nov 4 2026
- 13591090
- Tencent stake full conversion
- 2.3%
- Aggregate repurchase price hkd
- 1568140000
- Repurchase price per share hkd
- 115.38
- Tencent notes subscription usd
- 200000000
- Concurrent tencent repurchase usd
- 200000000
- Tencent stake after no conversion
- 0.0%
- Shares outstanding full conversion
- 434984296
- Shares outstanding after no conversion
- 399748116
AI analysis
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