The news was reported Wednesday by The Information. Tencent declined to comment.
Tencent, which is already the world’s largest games company in revenue terms, has owns “League of Legends” developer Riot Games, an 84% stake in Supercell , 80% of New Zealand’s Grinding Gear Games , 40% of Epic Games, 14.5% of Glu Mobile, 11.5% of Bluehole, and 5% stakes in Activision Blizzard, Ubisoft and Paradox Interactive.
Despite the rash of games industry activity, Tencent may in fact have shifted its focus to other business areas. The company was a beneficiary of the recent lockdown in China caused by the coronavirus outbreak, and it enjoyed particular benefit to its business software lines.
Gross.
you play their game, they steal your data?
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:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zynga acquires Peak for $1.8 billion - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. And just like that my porfolio has smashed it
Source: BusinessInsider - 🏆 729. / 51 Read more »
Zoom revenue grew 169% during the quarter, and the company doubled its revenue guidance for the yearZoom has been a darling of the work-from-home culture brought on by coronavirus, and the company's revenue growth accelerated in its most recent quarter. A small bump for a company who’s future is going to be well integrated in the working society Fair value is about $100 south of where it’s trading. No worries. Stealing trade secrets, insider trading info... from all those private meetings will make it all worthwhile in the end.
Source: CNBC - 🏆 12. / 72 Read more »
Korean Gaming Giant Nexon To Spend $1.5 Billion On Global Entertainment CompaniesThe investment is “a good use of Nexon’s cash in a market defined by low interest rates,” Owen Mahoney, the chief executive officer of Nexon, said in a statement. Nexon said it held 518 billion yen ($4.8 billion) in cash as of March 31.
Source: Forbes - 🏆 394. / 53 Read more »