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Tencent Offers to Broker Merger Between Huya and DouYu

TheMotleyFool

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Tencent Offers to Broker Merger Between Huya and DouYu

Chinese video game live-streaming platform Huya (NYSE: HUYA) said it had received a letter from Tencent (OTC: TCEHY) offering to mentor a merger between Huya and DouYu (NASDAQ: DOYU), Huya's biggest rival in the esports streaming space.

Tencent is a majority owner of Huya, having acquired a 50.1% stake in the gaming platform earlier this year. Its interactive entertainment chief was made the chairman of Huya's board. It also has a significant stake in DouYu.

Image source: Getty Images.

Source Fool.com

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