Reuters:
Sources: Tencent is resetting its M&A strategy, seeking to own majority or even controlling stakes in overseas targets, mainly in gaming companies in Europe — Tencent is resetting its M&A strategy to put more focus on buying majority stakes mainly in overseas gaming companies …
Chris Scullion / Video Games Chronicle:
Sony and Tencent’s Sixjoy acquire a combined 30.34% of Elden Ring game company FromSoftware; FromSoftware’s parent Kadokawa retains the remaining 69.66% — FROMSOFTWARE SAYS THE INVESTMENT MAY HELP IT PUBLISH GAMES GLOBALLY — Elden Ring studio FromSoftware has announced that it’s selling shares …
Josh Ye / Reuters:
Tencent reports Q3 revenue down 2% YoY to ~$19.8B, below ~$20B estimates, and plans to distribute most of its ~$20B Meituan stake to shareholders as a dividend — Tencent Holdings (0700.HK) on Wednesday said it would distribute most of its stake worth $20.3 billion in food delivery firm Meituan …
Olivia Solon / Bloomberg:
Internal Palantir documents detail a plan to deepen its ties to the UK’s NHS by buying up smaller rivals, helping avoid scrutiny and increase health data — Palantir Technologies had a secret plan to deepen its relationship with the UK’s National Health Service without public scrutiny.
Ben Jiang / South China Morning Post:
Sensor Tower: Tencent earned $4.4B revenue from its apps in H1 2022, the highest globally; ByteDance was second with $1.3B, demonstrating China’s market power — Tencent Holdings and ByteDance were the world’s top-ranked companies by app revenue in the first half of 2022, according to a new report …
Jeanny Yu / Bloomberg:
Tencent is no longer China’s most valuable company after its shares dropped 64% since Jan. 2021, wiping $623B in market value, more than any other firm globally — Tencent Holdings Ltd. has lost its title as China’s biggest company to liquor giant Kweichow Moutai Co., the latest sign …
Benoit Berthelot / Bloomberg:
Tencent plans to invest €200M in Ubisoft to increase its stake from 4.5% to 9.99%, alongside a further investment €100M in the company — Tencent Holdings Ltd is set to more than double its stake in Ubisoft Entertainment SA, snapping months of speculation on the future …
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