Tencent is reportedly switching its acquisition strategy and “aggressively seeking” to own majority or controlling stakes in overseas game companies.
According to Reuters’ sources, the tech giant is now aggressively seeking to own majority or controlling stakes in overseas targets, “notably in Europe”.
The shift in strategy is reportedly due to the company’s newfound reliance on global markets for future growth, as China strengthens regulations at home. Tencent told Reuters the company had been investing abroad for a long time, “long before any new regulations” in China. It looks for “innovative companies with talented management teams” and gives them room to grow independently, the company said.
Tencent confirmed during an earnings call in August that it would remain active in acquiring game studios overseas. “In terms of the game business, our strategy is … to focus on developing our capabilities, especially in the international market,” it said. “We will continue to be very active in terms of acquiring new game studios outside China.”
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Finally, the Olympics has branding as epic as the games themselvesThe games' first full style guide is longer than the Olympic Charter.
Read more »
October’s Xbox Live Games with Gold titles have been announced | VGCMicrosoft has revealed October 2022’s Xbox Live Games with Gold titles.
Read more »
Saudi Arabia says it will spend $13bn to acquire ‘a leading game publisher’ | VGCSaudi Arabia's games investment group has claimed it will spend $13bn to acquire 'a leading game publisher'.
Read more »
The Epic Games Store has confirmed its next free titles | VGCThe Epic Games Store’s next free titles will be Rising Hell and Slain: Back From Hell. They’ll replace Runbow and The Drone Racing League Simulator, which are currently free to download
Read more »
Saudi Arabia is eyeing up the acquisition of a major game publisherSaudi Arabia's Savvy Games Group, owned by the state's sovereign wealth fund, has announced its intention to invest 142…
Read more »