Chinese social media and entertainment giant Tencent is understood to have paid $260 million for a majority stake in Bohemia Interactive, a Czech-based games designer behind the “ArmA” and “DayZ” g…
The news was reported Wednesday by The Information. Tencent declined to comment.
Tencent, which is already the world’s largest games company in revenue terms, has owns “League of Legends” developer Riot Games, an 84% stake in Supercell , 80% of New Zealand’s Grinding Gear Games , 40% of Epic Games, 14.5% of Glu Mobile, 11.5% of Bluehole, and 5% stakes in Activision Blizzard, Ubisoft and Paradox Interactive.
Despite the rash of games industry activity, Tencent may in fact have shifted its focus to other business areas. The company was a beneficiary of the recent lockdown in China caused by the coronavirus outbreak, and it enjoyed particular benefit to its business software lines.
France Dernières Nouvelles, France Actualités
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