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Tencent in Talks to Create $10 Billion Streaming Giant

  • Game streaming is big business in China, led by Huya and DouYu
  • Tencent is already the largest shareholder in the big two
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Photographer: Qilai Shen/Bloomberg
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Tencent Holdings Ltd. is driving discussions to merge China’s biggest game-streaming platforms Huya Inc. and DouYu International Holdings Ltd., people familiar with the matter said, in a deal that would allow it to dominate the $3.4 billion arena.

The Chinese social media titan -- which owns a 37% stake in Huya and 38% of DouYu -- has been discussing such a merger with the duo over the past few months, although details have yet to be finalized, said the people, who asked not to be identified because discussions are private. Tencent is seeking to become the largest shareholder in the combined entity, one person said.