China's live game streaming firms Huya, DouYu to merge

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Huya Inc will buy DouYu International Holdings Ltd in a stock-for-stock merger deal, the Chinese live game streaming companies said on Monday.

Tencent, which is Huya's biggest shareholder and also owns over a third of DouYu, had been pushing for the deal for months, Reuters reported in August.

The merged entity would have a combined market share of more than 80% in the country, according to data from MobTech.

Source: News Formal (newsformal.com)

 

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