Chinese antitrust regulator to block Tencent's videogaming merger
The Hindu
Tencent first announced plans to merge Huya and DouYu last year in a tie-up designed to streamline its stakes in the firms.
China's antitrust regulator is set to formally block Tencent Holdings Ltd's plan to merge the country's top two videogame streaming sites, Huya and DouYu, three people familiar with the matter told Reuters. (Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) 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.
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