Report: Tencent raising billions to buy EA, Take-Two, or others

Tencent is reportedly raising billions on a debt offer and may force hostile takeovers of a U.S.-based company, possibly Take-Two.

47 seconds read time

New reports say Chinese juggernaut Tencent is eyeing a billion-dollar acquisition of a U.S.-based gaming company. Who could it be?

Report: Tencent raising billions to buy EA, Take-Two, or others 234

Sources tell TMT Finance that Tencent is raising billions to buy out a new game company. Insiders believe Tencent could force a hostile takeover of Grand Theft Auto parent company Take-Two Interactive, or possibly make a deal to buy out EA.

The more likely scenario sees Tencent buying a South Korean developer, sources say. Targets include NetMarble, South Korea's biggest mobile game maker, and Nexon, the developer behind Dungeon Fighter. Tencent is already the third biggest shareholder in NetMarble with a 17.6% stake and could force a hostile takeover by acquiring more stake in the company. Tencent also has exclusive rights to publish Nexon's Dungeon Fighter in China, showing the giant has existing connections with both firms.

Tencent has not confirmed the validity of these rumors nor have they delivered a statement on the matter.

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Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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