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New Deal


Announced

Completed

Tencent completed the acquisition of an additional 5% stake in Century Huatong for $429m.

Financials

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Transaction Value£307m
Consideration TypeCash
Capital Owned5%
Capital Bid For5%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Single Bidder

Acquisition

Completed

Minority

Friendly

Gaming

internet games

China

Domestic

Synopsis

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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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