HUYA Inc. Original story, July 6, 2021: An antitrust regulator in China is reportedly seeking to block the merger between streaming sites, DouYu and Huya. That's according to Reuters, as well as three sources familiar with the deal, which is being overseen by Tencent. China’s State Administration for Market Regulation said in a statement that a merger between Huya and Douyu would give Tencent control over the merged entity. The company will become a subsidiary of Huya and will be delisted from NASDAQ. This TERMINATION AGREEMENT (this “Agreement”) is made as of July 12, 2021, by and among HUYA Inc., an exempted company with limited liability incorporated under the laws of the Cayman Islands (“Huya”), Tiger Company Ltd., an exempted company with limited liability incorporated under the laws of the Cayman Islands and a direct … China’s market regulator on Saturday blocked the merger of Tencent-backed game streaming platforms Douyu and Huya following an anti-monopoly investigation, as authorities ramp up scrutiny of some of the country’s biggest technology companies. China’s market regulator has blocked the merger of Tencent-backed game streaming platforms Douyu and Huya following an anti-monopoly investigationBy ZEN SOO AP Technology WriterJuly 10, 2021, 8:48 AM• 3 min readShare to FacebookShare to TwitterEmail this articleHONG KONG -- China’s market regulator on Saturday blocked the merger of Tencent-backed game … The apps Douyu at left and Huya at right are seen on a screen in Beijing on Saturday, July 10, 2021. The shares and ADS issued by Douyu before the merger will be canceled. The apps Douyu at left and Huya at right are seen on a screen in Beijing on Saturday, July 10, 2021. HUYA Inc. Last year, Tencent Holdings Ltd. (“Tencent”) announced plans to merge Huya Inc. (“Huya”) and Douyu International Holdings Limited (“Douyu”) and as recently as July 10 th, 2021, The State Administration for Market Regulation (“SAMR”) stated that it would block the merger on antitrust grounds.This is substantial as it is the first time the Chinese government has blocked a … Chinese antitrust regulators started to tighten the scrutiny on tech companies’ merger and acquisition deals last November. Context: Tencent, Huya, and Douyu announced the merger plans in August 2020, and filed for antitrust review in November. Huya CEO Dong Rongjie and his DouYu’s Chen Shaojie, would have been co-CEOs of the combined company. In light of the SAMR Decision, on July 12, 2021, Huya, Tiger Company Ltd., a wholly owned subsidiary of Huya, DouYu, and Nectarine Investment Limited (“ Tencent “), a wholly owned subsidiary of Tencent Holdings Limited entered into a termination agreement, pursuant to which the Agreement and Plan of Merger, dated October 12, 2020, by and among the same parties (the … In July 2021, China's antitrust regulator formally blocked Tencent's plan to merge China's top two video game streaming sites, Huya Live and DouYu, after it had failed to come up with sufficient remedies to meet the SAMR's requirements on giving up exclusive rights. DouYu International Holdings Ltd. has terminated a merger with rival Huya Inc., formally nixing a deal that would have helped cement Tencent Holdings Ltd.’s lead in … According to a State Administration of Market Supervision (SAMR) statement released Saturday, the Chinese antitrust watchdog conducted a review of the planned merger of Huya Company and DouYu International and decided it shouldn't happen. July 12 (Reuters) - DouYu International Holdings Ltd DY8Ay.F said on Monday it had terminated its $5.3 … In another example of China’s increasing scrutiny over the digital sector, on 10 July 2021 the State Administration for Market Regulation (SAMR) prohibited the proposed merger between HUYA Inc. (Huya) and DouYu International Holdings Limited (DouYu).Both companies operate game live streaming platforms in China and are backed by Chinese internet giant Tencent. Cookies are used to offer you a better browsing experience and to analyze our traffic. What Happened: Huya Inc HUYA 4.06% and DouYu International DOYU 14.46% announced a merger agreement Monday. China's top market regulator said on Saturday it has banned Tencent's merger of the country's most popular video game streamers, Huya and DouYu, after an anti-monopoly investigation.. Chinese regulator halts Huya-Douyu game-streaming merger. This will strengthen Tencent’s competitive position against the likes of Microsoft, Google, Sony and Nvidia, which are all vying for dominance in the cloud gaming market. TJ Denzer. Announces Termination of Merger Agreement with DouYu. An app store page showing the apps Huya and Douyu is seen on a screen in Beijing on Saturday, July 10, 2021. On July 12, 2021, both companies released statements reporting the termination of … Decision to reject the Douyu-Huya merger, which would have created a video game streaming behemoth worth more than US$10bil, sets a precedent. DouYu International : Announces Termination of Merger Agreement with Huya. Huya recorded a slight increase in net profit in the first quarter of 2021 to 185.5 million Chinese yuan from 171.2 million yuan in the first quarter of 2020. Zhang sees multiple ongoing regulation changes impacting DouYu's … It fined a batch of companies, including Tencent and Alibaba, RMB 500,000 for failing to report M&A deals. China's market regulator on Saturday … HONG KONG (AP) — China’s market regulator on Saturday blocked the merger of Tencent-backed game streaming platforms Douyu and Huya following an anti-monopoly investigation, as authorities ramp up scrutiny of some of the country’s biggest technology companies. China’s DouYu eSports streaming platform announced today that the State Administration for Market Regulation of the People's Republic of China (SAMR) has decided to prohibit the planned merger of HUYA Inc. with DouYu International Holdings Limited. China’s market regulator on Saturday … The apps Douyu at left and Huya at right are seen on a screen in Beijing on Saturday, July 10, 2021. China Huya Douyu Merger The apps Douyu at left and Huya at right are seen on a screen in Beijing on Saturday, July 10, 2021. Exhibit 99.2 . China’s market regulator on Saturday blocked the merger of Tencent-backed game streaming platforms Douyu and Huya following an anti-monopoly investigation, as authorities ramp up scrutiny of some of the country’s biggest technology companies. A dds details, shares, background. The planned merger of Huya with Douyu International (NASDAQ:DOYU), its main rival in China's video game streaming industry, is expected to close by … DouYu and Huya's profits were already slowing down prior to the merger. China’s market regulator on Saturday blocked the merger of … China's top market regulator said on Saturday it has banned Tencent's merger of the country's most popular video game streamers, Huya and DouYu, after an anti-monopoly investigation.. The re-rating follows the termination of the merger offer with HUYA Inc (NYSE: HUYA). July 11, 2021. Chinese live streaming platforms Huya and DouYu have entered an agreement to merge. Chinese live streaming platforms Huya and DouYu have entered an agreement to merge. Announces Termination of Merger Agreement with DouYu. Just after market open today, DOYU stock was trading at $5.39 a share, which is a 1.10% decrease. Chinese regulators have formally blocked the proposed merger of Huya and Douyu, two of the country’s largest live streaming operators. In another example of China’s increasing scrutiny over the digital sector, on 10 July 2021 the State Administration for Market Regulation (SAMR) prohibited the proposed merger between HUYA Inc. (Huya) and DouYu International Holdings Limited (DouYu).Both companies operate game live streaming platforms in China and are backed by Chinese internet giant Tencent. DouYu Announces Termination of Merger Agreement with Huya. July 10, 2021 2:01 AM. Tencent has been reportedly pushing for the merger of the two companies for months. Chinese live streaming platforms Huya and DouYu published their quarterly earnings for the first quarter of 2021, generating combined revenues of ¥4.76B RMB ($740M USD). China’s market regulator on Saturday blocked … Read More An app store page showing the apps Huya and Douyu is seen on a screen in Beijing on Saturday, July 10, 2021. Tencent, a social media giant and the largest video game company in China, owns a 37% stake in Huya and 38% in Douyu. Huya and Douyu account for the majority of China’s game streaming market. Huya has 40% market share and Douyu 30%, said the SAMR statement. “If Huya and Douyu merge, Tencent will solely control the merged entity,” it added. July 9, 2021, 10:24 PM EDT Updated on July 9, 2021, 10:49 PM EDT Regulators reject Huya-DouYu merger as scrutiny grows Tencent had been counting on the merger to … Tencent Holdings is proposing a merger between Chinese Twitch-like services Huya and Douyu, a deal that’s expected to form a game-streaming major worth over US$10 billion. Huya and Douyu said in separate statements on Monday that they have received a letter from Tencent proposing a stock-for-stock merger between the two platforms. The State Administration for Market Regulation (SAMR) said the merger would strengthen Tencent's dominant position in the video game streaming market and may eliminate … Photo: Reuters. “The merger will potentially integrate the cloud gaming services of Tencent, Huya and DouYu, all of which are currently at the testing stage, into one entity. “The merger will potentially integrate the cloud gaming services of Tencent, Huya and DouYu, all of which are currently at the testing stage, into one entity. GUANGZHOU, China, July 12, 2021 /PRNewswire/ -- HUYA Inc. (NYSE: HUYA) ("Huya" or the "Company"), a leading game live streaming platform in China, today announced that according to the announcement posted by the State Administration for Market Regulation of the People's … Guangzhou-based Chinese live streaming platform Huya and its Wuhan-based competitor DouYu today announced the termination of their merger agreement. HUYA informations : analyse, cours de l'action, historique des cours de l'action, graphique des prix, dividendes, données financières, indicateurs clés, nombre … An app store page showing the apps Huya and Douyu is seen on a screen in Beijing on Saturday, July 10, 2021. The announcement follows a decision published by China’s antitrust authority, the State Administration for Market Regulation on July 10, which prohibited the proposed merger between the two live … China’s market regulator on Saturday blocked the merger of Tencent-backed recreation streaming platforms Douyu and Huya following an anti-monopoly investigation, as authorities ramp up scrutiny of a number of the nation’s greatest technology firms. HONG KONG (AP) — China’s market regulator on Saturday blocked the merger of Tencent-backed game streaming platforms Douyu and Huya following an anti-monopoly investigation, as authorities ramp up scrutiny of some of … E-sports is seen as an up and coming industry by analysts around the world, so we expect Douyu to continue to make waves in 2019. Chinese regulator halts Huya-Douyu game-streaming mergerBy ZEN SOOAP Technology WriterThe Associated PressHONG KONG. China's market regulator on Saturday blocked the merger of Tencent-backed game streaming platforms Douyu and Huya following an anti-monopoly investigation, as authorities ramp up scrutiny of some of the country's biggest technology companies. Huya and Douyu are live streaming platforms in China that have announced a merger agreement. Both companies share Tencent as their largest shareholder, which initiated a merger process between the two companies last year. The State Administration for Market Regulation (SAMR) said the merger would strengthen Tencent's dominant position in the video game streaming market and may eliminate … Chinese regulator halts Huya-Douyu game-streaming merger July 13, 2021 The State Administration for Market Regulation announced it had prohibited the merger of the Tencent-backed game streaming platforms Douyu and Huya on Saturday because the merger would eliminate competition. Chinese regulators have formally blocked the proposed merger of Huya and Douyu, two of the country’s largest live streaming operators. July 12, 2021. The planned merger … Huya and Douyu — which provide videogame live-streaming services akin to Twitch … ... July 10, 2021. There can be no assurance that the Merger will be completed during the first half of 2021 or at all. The apps Douyu at left and Huya at right are seen on a screen in Beijing on Saturday, July 10, 2021. Investing News Network. China’s State Administration for Market Regulation said in a statement that a merger between Huya and Douyu would give Tencent control over the merged entity. This will strengthen Tencent’s competitive position against the likes of Microsoft, Google, Sony and Nvidia, which are all vying for dominance in the cloud gaming market. Douyu-Huya Merger Is Still Awaiting China, US Sign Off, Executive Says. The boards of both companies unanimously approved the deal, which is expected to close in the first half of 2021 if investors holding two-thirds of DouYu’s shares vote in its favor. China's tech giant is making headlines for all the wrong reasons. Tencent notified the transaction to SAMR in November 2020. Investigates Sale of DOYU and Encourages Investors to Contact the Firm. Tencent is Huya's biggest shareholder with 36.9% and also owns over a third of DouYu, with both firms listed in the United States, and worth a combined $6 billion in market value. After the Tencent-orchestrated merger of Huya and Douyu was halted by Chinese antitrust regulators in July, Tencent subsidiary Interactive Entertainment Group, or IEG, announced a series of department and personnel adjustments to set up an eGame Product Center. WUHAN, China, July 12, 2021 /PRNewswire/ -- DouYu International Holdings Limited ("DouYu" or the "Company") (Nasdaq: DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced that on July 10, 2021, the State Administration for Market Regulation of the People's Republic of China, or the SAMR, posted an … DouYu International Holdings Ltd. has terminated a merger with rival Huya Inc., formally nixing a deal that would have helped cement Tencent Holdings Ltd.’s lead in … Through the transaction, Huya planned to acquire the entirety of Douyu’s shares, and Tencent would thereby (indirectly) acquire sole control over Douyu. The combination of HUYA and DouYu has the potential to capture about $5.9 billion of China's market with 80% of the market. Friday, November 13, 2020. The new unit will develop the operations of eGame, an online streaming platform owned by Tencent, Chinese … The apps Douyu at left and Huya at right are seen on a screen in Beijing on Saturday, July 10, 2021. The merger combines China’s two largest gaming and esports focused live-streaming […] (Photo | AP) HONG KONG: China’s market … Huya and Douyu are the top two game-streaming platforms in China, together taking up about an 80% market share. Guangzhou-based Chinese live streaming platform Huya and its Wuhan-based competitor DouYu today announced the termination of their merger agreement. According to a State Administration of Market Supervision (SAMR) statement released Saturday, the Chinese antitrust watchdog conducted a review of the planned merger of Huya Company and DouYu International and decided it shouldn't happen. Tencent currently holds sole control over Huya and joint control over DouYu. Associated Press. Provide accurate and helpful information and guides about roundhill sports betting , encourage everyone to actively participate in outdoor activities with the best spirit. China Huya Douyu Merger The apps Douyu at left and Huya at right are seen on a screen in Beijing on Saturday, July 10, 2021. In light of the SAMR Decision, on July 12, 2021, Huya, Tiger Company Ltd., a wholly owned subsidiary of Huya, DouYu, and Nectarine Investment Limited … China’s market regulator has blocked the merger of Tencent-backed game streaming platforms Douyu and Huya following an anti-monopoly investigationBy ZEN SOO AP Technology WriterJuly 10, 2021, 8:48 AM• 3 min readShare to FacebookShare to TwitterEmail this articleHONG KONG -- China’s market regulator on Saturday blocked the merger of Tencent-backed game … By continuing to use our service, you agree to our use of cookies. 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