Game streaming platform Huya has announced an all-share deal to buy competitor DouYu in a move which will create an esports empire worth more than US$11 billion. The move will merge China’s two biggest competitive esports platforms, and confirms a deal initially proposed by mediator Tencent in August. Tencent currently owns 38% of DouYu, and […]
Media giant Tencent wants to create a US$10 billion Chinese equivalent to game streaming platform Twitch by merging the country’s two biggest esports companies. DouYu and Huya have long been battling to become the top esports platform in China, but Tencent has announced plans to bring them together under one roof. Tencent is also an […]
Modern Times Group (MTG) has signed up to create a strategic joint venture as part of a deal that will see Chinese game live streaming platform Huya acquire a minority stake in MTG’s esports portfolio company ESL. MTG said that the deal, if completed, will further strengthen ESL’s position as the leading and largest esports […]
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