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

Authored by tweaktown.com and submitted by IanMazgelis
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New reports say Chinese juggernaut Tencent is eyeing a billion-dollar acquisition of a U.S.-based gaming company. Who could it be?

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.

megaboto on January 25th, 2021 at 13:48 UTC »

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.

Dudes, y'all not reading the actual article. It even says rumor, the chance of a hostile takeover as of yet is low, and while I agree it would be batshit if it happened no, chance is it won't

skyturnedred on January 25th, 2021 at 11:01 UTC »

Vivendi trying to take over Ubisoft seems so innocent now.

GameStunts on January 25th, 2021 at 09:22 UTC »

I've been terrified of this for years. They've got some of the most profitable F2p games in the industry as well as their fingers in the pies of others.

Hostile takeover would be fucking terrible. I can't imagine a company as profitable as EA ever selling up by choice.

Take-Two is a pretty doable target for them though.

I hope this is wrong.