" It's official folks: in China, the Xbox One and PlayStation 4 will be operated by the same conglomerate, Shanghai Media Group. How's that for friendly rivals?
Chinese media sites such as Sina Games and People's Daily are reporting that the proposed merger is going along as planned. Bloomberg Business reported today that shares of BesTV and Shanghai Oriental Pearl Group, the two companies that are merging, have gone up in day trading. Kotaku first reported on the possibility of this merger in September."