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Wireless

China blocks Tencent's merger of game units Huya, Douyu on anti-monopoly grounds

Monday 12 July 2021 | 09:24 CET | News
China's antitrust watchdog has blocked the merger of video game live-streaming platforms Huya and Douyu, both backed by Tencent, South China Morning Post reports. According to the State Administration for Market Regulation (SAMR), the proposed deal would increase the dominant position of Tencent, which holds majority stakes in both companies, considering it already controls 40 percent of online game operations. The merger "may have the effect of excluding or restricting competition, which is not conducive to fair competition and may damage the interests of consumers", the SAMR said.

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Categories: Mobile & Wireless
Companies: Tencent
Countries: China
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