Leyou Technologies Approves Tencent Takeover For $1.3 Billion

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Earlier this year, we reported on Sony, Zhejiang Century Huatong Group, and Tencent’s plans to buy up Hong Kong based video game holding company, Leyou Technologies. Tencent eventually came out on top and have been exclusively negotiating with Leyou ever since. According to PC Games Insider, 97% of Leyou’s shareholders approved of the deal which means that Tencent will soon [...]

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Tencent Is Exclusively Negotiating With Leyou To Buy Them Out

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Tencent is gobbling up video game development studios left and right and is continuing to expand their presence in the gaming industry. Yesterday, we reported that the Chinese entertainment and technology giant had fully-acquired Norwegian studio, Funcom. Now, it looks as if Leyou Technologies will also be joining the mega corporation. A few weeks ago, Sony announced their plans to [...]

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