BEIJING: China’s financial regulator has blocked a merger of the nation’s two largest video game live-streaming sites planned by tech giant Tencent over antitrust concerns, it said Saturday.
Analysts have estimated the planned merger of live-streaming services Huya and Douyu could have brought the combined platforms’ domestic market share to between 80% to 90%. “This has the effect of eliminating or restricting competition, is not conducive to fair market competition … and is not conducive to the healthy and sustainable development of the online gaming and video game live-streaming market.”
Plans for the deal were initially announced by Tencent last October, but SAYMR said it would undertake an antitrust review into the merger in December.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más: