current position:Home>Tiger tooth Betta merger was stopped, and Tencent announced the restart of penguin E-sports

Tiger tooth Betta merger was stopped, and Tencent announced the restart of penguin E-sports

2021-08-31 21:57:48 TechWeb

8 month 26 Japan news : According to the interface news report ,8 In mid June, Tencent Interactive Entertainment Group announced , Set up Penguin E-sports Product Center , The center will be fully responsible for product R & D, operation and promotion of penguin E-sports .

last year 10 month , Tencent plans to lead the merger of tiger teeth and Betta . meanwhile , Betta and Tencent have also signed a “ Restructuring agreement ”, Proposed general “ The penguin e-sports ” Transferred to Betta for $500 million .

But this year 7 month , The State Administration of Market Supervision announced that the merger of Huya company and douyu International Holding Co., Ltd. was prohibited . Because the concentration of business operators may exclude 、 Limiting competitive effects .

The State Administration of market supervision said , Tiger teeth and Betta are the top two live game platforms on the market , Market power far exceeds other competitors . Pre deal , Tencent already has Huya's sole control and douyu's joint control , But there is still some competition between tiger teeth and Betta , This concentration will completely eliminate this competition , Further strengthen its dominant market position .

Regarding this , Tiger tooth said , Since the State Administration of market supervision ruled that the merger of the two sides is prohibited , Tiger tooth decided , Cancel the merger agreement with Betta . Betta also said , Since the State Administration of market supervision ruled that the merger of the two sides is prohibited , The cash dividend plan will be cancelled .

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