Advertisement
China’s antitrust watchdog to block Tencent’s merger of Huya and Douyu
- Tencent has failed to come up with sufficient remedies to meet SAMR requirements on giving up exclusive rights, according to sources familiar with the matter
- The internet giant recently withdrew the original merger application and refiled it to the SAMR
Reading Time:2 minutes
Why you can trust SCMP
0
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 for 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 the company it could not complete the review of the merger within 180 days since its first filing, one of them and a separate person said.
The people declined to be named as the information is private.
Tencent – China’s number one video game and social media company – Huya, Douyu and the SAMR did not immediately respond to Reuters' requests for comment.
Advertisement