China’s antitrust regulator blocks Tencent’s US$5.3 billion merger of game streamers Huya and Douyu in landmark anti-monopoly case

//China’s antitrust regulator blocks Tencent’s US$5.3 billion merger of game streamers Huya and Douyu in landmark anti-monopoly case

China’s antitrust regulator blocks Tencent’s US$5.3 billion merger of game streamers Huya and Douyu in landmark anti-monopoly case

China’s antitrust watchdog officially blocked the merger of Huya and Douyu International Holdings, China’s two biggest video game live-streaming platforms, both backed by Chinese tech giant Tencent Holdings, in the latest blow to the country’s tech sector as Beijing intensifies its regulatory scrutiny.The State Administration for Market Regulation (SAMR) said the deal would have strengthened the dominant position of Tencent, which holds majority stakes in both companies, considering it already…

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By | 2021-07-10T10:01:20+00:00 July 10th, 2021|Technology|Comments Off on China’s antitrust regulator blocks Tencent’s US$5.3 billion merger of game streamers Huya and Douyu in landmark anti-monopoly case