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Announced

Completed

Tencent completed an investment in Novarama Technology.

Financials

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Consideration TypeCash
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Completed

Spain

Acquisition

Cross Border

Friendly

Single Bidder

video game developer

Minority

Gaming

Private

Synopsis

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Tencent, a media holding company, completed an investment in Novarama Technology, a video game developer. Financial terms were not disclosed. “Sir Isaac Newton said: to see further you must stand on the shoulders of giants. Partnering with Tencent, the world’s leading publisher of online games, opens a vast world of possibilities for us. Today is a great day not just for us, but also for the Spanish development community as a whole. Thanks to everyone involved on this journey. I can’t wait to share what we are working on,” Dani Sanchez-Crespo, Novarama CEO.

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