Tencent Is Aggressively Seeking Majority Stakes In More Gaming Companies
Chinese megacorp Tencent is reportedly “resetting its mergers and acquisitions (M&A) strategy” by focussing on “buying majority stakes mainly in overseas gaming companies”. According to Reuters, Tencent traditionally acquired minority stakes and was content with being a “passive financial investor”, but it is now “aggressively seeking to own majority or even controlling stakes in overseas targets”, chiefly in the “core gaming sector”. Metaverse assets are also reportedly of interest to Tencent....