China’s antitrust watchdog to block Tencent’s merger of Huya and Douyu

//China’s antitrust watchdog to block Tencent’s merger of Huya and Douyu

China’s antitrust watchdog to block Tencent’s merger of Huya and Douyu

China’s antitrust regulator is set to formally block Tencent Holdings’ plan to merge the country’s top two video game streaming sites, Huya and Douyu, three people familiar with the matter told Reuters.Tencent has failed to come up with sufficient remedies to meet the State Administration of Market Regulation’s (SAMR) requirements on giving up exclusive rights, said two of the people.The internet giant recently withdrew the merger application for antitrust review and refiled it after SAMR told…

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By | 2021-07-06T02:06:03+00:00 July 6th, 2021|Technology|Comments Off on China’s antitrust watchdog to block Tencent’s merger of Huya and Douyu