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Bloomberg: Tencent plans to combine streaming platforms Huya and DouYu.

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Chinese investment holding Tencent is in talks with Huya and DouYu to unify platforms. Bloomberg reported this on August 5th.

According to journalists, Tencent has been discussing the terms of a possible deal with the parties for several months. The publication notes that the holding owns 37% of Huya and 38% of DouYu. The conglomerate plans to become the main shareholder of the new company.

If the deal goes through, the total audience of the new service will exceed 300 million people, and its market value will be $ 10 billion. As noted, this will strengthen Tencent’s leadership in China’s domestic gaming and social media market.

Media clarified that both Huya and DouYu will retain their identities and their platforms: the companies will work closely on the eGame esports website. In late June, Tencent announced that it was preparing to introduce a new competitor to Twitch with internal streamer rankings and cash bonuses. The testing of a platform called Trovo began in March.

The giant also announced the opening of the LightSpeed studio in LA, a subsidiary of the Chinese corporation. Its main task will be the development of an AAA project for the PS5 and Xbox Series X.

The subsidiary will be managed by Steve Martin. He was a longtime executive at Rockstar and worked on GTA V. Details about the AAA project from LightSpeed are still unknown. Some media outlets have speculated that it was the shooter Project SYN, a demo of which appeared on YouTube in June.

“Together with you, we will enter a new era of gaming culture. In this new era, we will combine world-class development with a stress-free work environment. From the outset, our team will focus on creating the highest quality games, with honesty, collaboration, and creativity as their core values.” says Steve.

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Also, you can read Reasons Valorant Will Be the Next Big eSports Title.

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