Submitted by -Mezzo- 645d ago | opinion piece

How Tencent is slowly transforming into one of gaming’s biggest investors

VB - Yesterday, Chinese Internet and investment-holding company Tencent purchased a minority stake in Call of Duty publisher Activision Blizzard. Tencent is a small part of an $8.17 billion deal that freed Activision Blizzard from majority shareholder Vivendi.

Tencent partnered with Activision chief executive Bobby Kotick, co-chairman Brian Kelly, and others to purchase $2.34 billion in Activision stock from Vivendi. That investor group now owns almost 25 percent of Activision. (Industry, Tencent Games)

Godlovesgamers  +   646d ago
More like "How China is slowly transforming into one Americas biggest borrowers", because at this point America owes them embarrassing amounts of money.

Tencent is just a symptom of a bigger issue. Expect to see more Chinese companies investing in and buying out American companies, especially as the value of our dollar (now at .40C per dollar)inevitably falls further.
deadfrag  +   645d ago
They already have a share of Capcom;Monster Hunter online is been made by Tencent i also read somewhere that they have a new KUF online in development;not the Kingdom under fire thats been made for the PS3,and PC but a new MMO thats still early in development.Now they are picking western share at Activision,THAT ACTUALLY GOOD.
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