Announced
Completed
Financials
Sources
Tags
Private
Single Bidder
Acquisition
Completed
Minority
Friendly
Gaming
internet games
China
Domestic
Synopsis
Tencent completed the acquisition of an additional 5% stake in Century Huatong, a developer of internet games, for $429m, becoming the second-largest shareholder in the company with total holdings of c. 10%. The bolstering of its stake in Century Huatong comes only three days after Tencent was fined $76k following an anti-monopoly investigation by the State Administration of Market Supervision.
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