Frater Asia China Japan Coronavirus Entertainment social reports Company Frater Asia China Japan

Tencent Accelerates Games Company Acquisitions

Reading now: 506
variety.com

By Patrick Frater Asia Bureau Chief Chinese social media and entertainment giant Tencent is understood to have paid $260 million for a majority stake in Bohemia Interactive, a Czech-based games designer behind the “ArmA” and “DayZ” games series.

The news was reported Wednesday by The Information. Tencent declined to comment. The move comes barely a week after Tencent paid a reported $65 million (JPY7 billion) for a 20% slice of Japanese games firm Marvelous.

The company is behind farming simulation game “Story of Seasons,” which Tencent has been operating for mobile devices in China since last year.

Tencent, which is already the world’s largest games company in revenue terms, has owns “League of Legends” developer Riot Games, an 84%

Read more on variety.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA