in

Chinese antitrust regulator blocks Tencent’s video games merger

Chinese antitrust regulator blocks Tencent’s video games merger

Article content

HONG KONG — China’s market regulator on Saturday said it decided to block Tencent Holdings Ltd’s plan to merge the country’s top two videogame streaming sites, Huya and DouYu on antitrust grounds.

The State Administration Of Market Regulation (SAMR) said the decision was made after reviewing additional concessions proposed by Tencent for the merger.

Tencent filed for the antitrust review of the merger in January, according to SAMR’s announcement. (Reporting by Kane Wu in Hong Kong; Editing by Lincoln Feast.)

Advertisement

Article content

Advertisement

In-depth reporting on the innovation economy from The Logic, brought to you in partnership with the Financial Post.

Source: Chinese antitrust regulator blocks Tencent’s video games merger

What do you think?

Real deal with Barty’s Wimbledon dress

Chinese antitrust regulator blocks Tencent’s $5.3 bln video games merger