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.

@DeekeTweak
Published Sun, Jan 24 2021 4:26 PM CST   |   Updated Tue, Jan 26 2021 1:54 PM CST

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 | TweakTown.com

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.

Buy at Amazon

Grand Theft Auto V PlayStation 4

TodayYesterday7 days ago30 days ago
$25.49$25.49$26.99
* Prices last scanned on 2/27/2021 at 4:24 pm CST - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.

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.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles