Tencent-backed DouYu still wants to merge with Huya despite government antitrust concerns

Source: South China Morning PostDouYu and Huya, China’s top game video-streaming sites backed by internet giant Tencent Holdings, said they are still on track to merge just three months after the country’s antitrust watchdog flagged concerns about the deal. First revealed last October, the planned tie-up of New York-listed Huya and Nasdaq-listed DouYu under Tencent’s live-streaming unit Penguin Esports would merge more than 300 million users, bringing the platforms’ combined market share to nearly 90 per cent in the country,…Read More

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