Tencent shifts focus to majority deals, overseas gaming assets for growth | Reuters
▻https://www.reuters.com/markets/deals/tencent-shifts-focus-majority-deals-overseas-gaming-assets-growth-sources-2
Tencent Holding Ltd (0700.HK) has for years invested in hundreds of up-and-coming businesses, mainly in the onshore market. It has typically acquired minority stakes and stayed invested as a passive financial investor.
However, it is now aggressively seeking to own majority or even controlling stakes in overseas targets, notably in gaming assets in Europe, the four people with direct knowledge of the matter told Reuters.
The shift comes as the world’s number one gaming firm by revenue is counting on global markets for its future growth, which requires a strong portfolio of chart-topping games, the sources aid.
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