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HUYA, China’s largest online video game company, 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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New York Federal District Court Dismisses Investor Lawsuit Over Tencent Music IPO
By Stan Soocher
In December 2018, China-based titan Tencent Music Entertainment launched a U.S. initial public offering (IPO). But the IPO resulted in an investor’s class action suit alleging TME violated federal securities laws. This is part of a trend of increasing such securities suits against foreign companies, though the U.S.
Legal Triggers In NFT Crypto Craze
By Michael A. Mora and Alaina Lancaster
The latest cryptocurrency craze has litigators closely watching from the sidelines. Buyers of digital non-fungible tokens (NFTs) are ready to shell out hundreds of thousands of dollars, sometimes more, but when disputes start to hit the scene, litigators said there is little to no case law as precedent.
Supreme Court on APIs and Fair Use
By Scott Graham
Google didn’t get an answer from the U.S. Supreme Court on whether the Java Application Programming Interfaces (APIs) it copied from Sun Microsystems were copyrightable. But it got just about everything else it could have hoped for in a decision that ended its 11-year copyright clash with Sun's successor, Oracle.
2d Cir. Issues Two Notable Copyright Fair Use Decisions
By Tom McParland
The U.S. Court of Appeals for the Second Circuit recently issued decisions in two closely watched copyright fair use cases involving photographs. In the…
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