DouYu To Terminate HUYA Merger Following China's Antitrust Review

  • The State Administration for Market Regulation of the People's Republic of China (SAMR) prohibited streaming platform DouYu International Holdings Limited's DOYU proposed merger with HUYA Inc HUYA following an antitrust review.
  • Tencent Holdings Ltd TCEHY had pushed for the merger as it owned stakes in both companies. It aimed to hold 67.5% voting power in the new combined company.
  • Price action: DOYU shares traded higher by 0.55% at $5.48, and HUYA shares traded lower by 1.52% at $14.9 in the premarket session on the last check Monday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: GovernmentM&ANewsRegulationsSmall CapTechMediaBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!