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

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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.

 

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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

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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 »