Tencent merger of Huya and DouYu game streaming sites blocked by Chinese regulators

Tencent has recently seen pushback from the efforts to streamline two of its most major investments in China. Recently, the Chinese gaming giant moved to try to merge the Huya and DouYu video game streaming platforms in a $5.3 billion USD deal. However, following review, it would appear that market regulators are set to block the merger from occurring, keeping Huya and DouYu as separate entities. This news was recently reported over the weekend, as shared by Reuters and CNBC , who shared that the State Administration of Market Regulation (SAMR) planned to block the proposed merger on Monday, July…