News Snapshot:
By Pei Li and Yingzhi Yang (Reuters) – China’s antitrust regulator is likely to formally block Tencent’s plan to merge the country’s two main video game streaming sites, Huya and DouYu, three sources familiar with the matter told Reuters. Tencent, China’s largest video game and social media company, could not find enough resources to meet the State Administration for Market Regulation’s requirements regarding the waiver of exclusive rights, two of the sources said. The internet giant recently withdrew the merger request for antitrust review and resubmitted it after the agency told the company it could not complete the merger review...
