Interest in competitive video gaming continues to grow, and unlike traditional sports, it saw an increase in play and interest during the pandemic. But the industry has a litany of legal issues to consider as it grows.
October 14, 2020 at 04:00 PM
1 minute read
Huya, China’s largest online video game company, has agreed to be purchased by DouYu International Holdings, another livestream gaming company, in what will create an $11 billion gaming giant in the world’s largest streaming market.
Tencent Holdings, the technology conglomerate that operates messaging services Tencent QQ and WeChat, owns stock in both companies and will end up with 68% of the new entity’s voting shares.
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Team of Professional eSport Gamers Playing in Competitive Video Games on a Cyber Games Tournament. Photo: Gorodenkoff/Shutterstock.com
