It is said that Tencent will make concessions to the merger of tiger tooth and fighting fish in response to anti-monopoly

Chinese Internet giant Tencent will have to make some concessions in order to merge two major live game websites, tiger teeth and fighting fish, according to two people familiar with the matter, Reuters reported.

Tencent is the largest gaming and social media company in China. Tencent announced the merger plan of tiger tooth fighting fish in October last year. At that time, Tencent said it hoped to integrate its live game business Penguin E-sports with the merged tiger tooth fighting fish. According to mobtech, a data company, the market value of live games has exceeded $3 billion and is growing rapidly, and the two companies already have 80% of the market.

It is said that Tencent will make concessions to the merger of tiger tooth and fighting fish in response to anti-monopoly

This has aroused people’s attention. Tencent requires users to agree to obtain Tencent’s permission before broadcasting its games on other platforms. China’s state market supervision and Administration (samr) said in December that it was reviewing the acquisition of tiger teeth and Betta.

People familiar with the matter said that Tencent seemed willing to make concessions to obtain regulatory permission as regulators worried that the merger of tiger teeth and fighting fish would make it dominant in the live game market.

Tencent, Huya, douyu and samr did not immediately respond to requests for comment.

A person with direct knowledge of the deal said the antitrust review of the tiger tooth Betta merger was a “long process,” but regulators did not convey any specific information to the three companies about potential concessions.

Tiger teeth and Betta are the first and second largest live game websites in China. Users like to watch video games on these two websites and pay attention to professional gamers. Tencent is Huya’s largest shareholder, holding 36.9% of the shares; it is also a shareholder of douyu, holding more than a third of the shares. Tiger tooth and Betta are both listed in the United States, and the combined market value of the two companies exceeds $10 billion.