Chinese streaming firm DouYu terminates $5.3b merger with Huya

Chinese streaming firm DouYu terminates $5.3b merger with Huya

Tencent Holding Ltd

DouYu International Holdings Ltd said on Monday it had terminated its $5.3 billion deal with Huya Inc, two days after China’s market regulator blocked Tencent Holding Ltd’s plans to merge the country’s top two videogame streaming sites.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter