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Looks like the video game industry dodged a major bullet. In case you’ve been living under a rock for the past 12ish hours or so, President Trump has signed an executive order that has blocked transactions with TikTok and WeChat and their parent companies. Frankly the wording from this executive order is laughable, and defining exactly what it means is taking a lot of time. What has been confirmed so far is that WeChat parent company Tencent’s gaming company holding will not be affected (we think). Adam Bankhurst at IGN has the full story.
Speaking of Tencent, the Chinese giant is looking to make a big play in the streaming industry. The company is reportedly driving talks to merge Huya and DouYu, the country’s two largest streaming platforms. That is a huge deal. Imagine Twitch and YouTube merging…get it? The combined market value of the companies would end up around $10 billion. Zheping Huang and Lulu Yilun Chen from Bloomberg have the full story.
Dr. Disrespect has gone live on YouTube. Well…sort of. After running a collection of teaser videos and images yesterday, it was revealed that Doc will return to streaming on the new platform later today. He will be going live on YouTube completely independently, with no deal or endorsement from the platform. Dave Thier from Forbes has more.