Chinese streaming firm DouYu terminates $5.3b merger with Huya

Chinese streaming firm DouYu terminates $5.3b merger with Huya

Tencent Holding Ltd

DouYu International Holdings Ltd said on Monday it had terminated its $5.3 billion deal with Huya Inc, two days after China’s market regulator blocked Tencent Holding Ltd’s plans to merge the country’s top two videogame streaming sites.