On October 12 last year, Huya and Betta jointly announced that they had signed a “merger agreement and plan”. Under the merger agreement, tiger tooth will purchase all the issued shares of Betta, including the common shares represented by American Depository Receipts (ads), in exchange for shares. At that time, it was reported that the merger plan was Tencent’s third proposal.
But over time, the deal may change. Tencent will make concessions to the merger of tiger tooth and fighting fish to solve the antitrust problem, Reuters reported recently. 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.
At the end of last year, the State Administration of market supervision strengthened its anti-monopoly supervision and disclosed that it was examining the merger of Huya and Betta in accordance with the law. At the same time, the “guidelines on anti monopoly in the field of platform economy (Draft for comments) issued by the State Administration of market supervision directly pointed out the monopoly problem of Internet enterprises, especially those enterprises involving vie architecture. At that time, some people in the industry pointed out that there were certain risks and variables in the merger of the two.