Tencent is 'aggressively seeking' majority stakes in more gaming companies

  • 📰 eurogamer
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 61%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Chinese megacorp Tencent is reportedly 'resetting its mergers and acquisitions (M&A) strategy' by focussing on 'buy…

in Guillemot Bros, the company run by Ubisoft's co-founders. Tencent now has a 49.9 percent stake in Guillemot Bros., which has the largest stake in Ubisoft. In turn, Tencent will bring some of Ubisoft's biggest franchises to mobile.

It's just one of the dozens of investments by the Chinese tech giant, which also has stakes in Epic Games, Activision Blizzard, FromSoftware, and PUBG publisher, Krafton. It also owns 100 per cent of Riot Games, Sumo Digital, and Warframe developer Digital Extremes.Will you support Eurogamer? We want to make Eurogamer better, and that means better for our readers - not for algorithms. You can help! Become a supporter of Eurogamer and you can view the site completely ad-free, as well as gaining exclusive access to articles, podcasts and conversations that will bring you closer to the team, the stories, and the games we all love. Subscriptions start at £3.99 / $4.99 per month.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Can we except Jim Ryan to show up?

Yeah, highly unsurprising. Dangerous, but unsurprising. *see China on things like spying, corporategovernance tencentdatacollection

yeah we noticed

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 68. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tencent is reportedly refocusing on ‘aggressively seeking’ full games company acquisitions | VGCTencent is reportedly switching its acquisition strategy and “aggressively seeking” to own majority or controlling stakes in overseas game companies. If taiwan gets invaded hope their companies can speak out oh boy it is not looking good for anyone right now.
Source: VGC_News - 🏆 125. / 51 Read more »