Entertainment Tencent Accelerates Games Company Acquisitions

10:56  03 june  2020
10:56  03 june  2020 Source:   variety.com

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Tencent is the world's largest games publisher. It's both an internet and entertainment giant in China—the equivalent of Facebook or Google—but gamers worldwide But with over 300 investments in its portfolio, staying on top of every company that Tencent has a stake in can be a little daunting.

In 2015, Tencent acquired what was, at the time, the most-played game in the entire world with 38 million active players, Tencent ’s acquisition of League of Legends saw the Chinese conglomerate instantly turn into a global esports superpower. Aside from its widespread popularity

a close up of a yellow building © Courtesy of Tencent

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% stake in Supercell (“Clash of Clans”), 80% of New Zealand’s Grinding Gear Games (“Path of Exile”), 40% of Epic Games, 14.5% of Glu Mobile, 11.5% of Bluehole, and 5% stakes in Activision Blizzard, Ubisoft and Paradox Interactive.

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The world’s biggest company by game revenues, Tencent , has today acquired an 84% share in the highest earning mobile games company on the planet, Supercell. Combined revenues from both companies totaled .1 billion in 2015. This is 12% of all game revenues generated globally last year.

Data source: Tencent Holdings. What happened with Tencent this quarter? On an adjusted (non-GAAP) basis, which excludes non-cash items and acquisition expenses, Tencent 's profit Tencent Chairman and CEO Ma Huateng lauded strong growth across the company 's games , digital, content

Earlier this year Tencent spent $201 million buying control of Funcom, maker of “The Secret World” and “Conan Exiles,” and an undisclosed amount for a minority stake in German studio Yager, maker of “Spec Ops: The Line” and “The Cycle.”

Some games industry analysts have suggested that Tencent is buying games firms as it has a limited games design capacity of its own. Others say that Tencent is intent on fending off NetEase, its biggest rival in China, which is currently raising some $3 billion of fresh capital through a secondary share listing in Hong Kong.

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.

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Tencent is an Internet-based platform company using technology to enrich the lives of Internet users and assist the digital upgrade of enterprises.Our mission is Accelerating rural development through Weixin Official Accounts that helps rural communities tap into the possibilities of digital economy.

That’s Tencent , the company that acquired 84 percent of Clash of Clans developer Supercell, which is now the biggest gaming company in the world. When the acquisition completes in August, it gives Tencent control over 13 percent of the .6 billion gaming industry and should give a boost to its

In recent days Tencent has also said that it will invest $70 billion in cloud computing, artificial intelligence and cybersecurity over the next five years. On a recent earnings call, the company said that the coronavirus lockdown had shown the route to accelerated digitalization for many of its client businesses.

Tencent currently has about 18% of China’s cloud computing market, behind China market leader Alibaba, which has a 46% share according to research firm Canalys.

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