According to Reuters’ sources, the tech giant is now aggressively seeking to own majority or controlling stakes in overseas targets, “notably in Europe”.
The shift in strategy is reportedly due to the company’s newfound reliance on global markets for future growth, as China strengthens regulations at home. Tencent told Reuters the company had been investing abroad for a long time, “long before any new regulations” in China. It looks for “innovative companies with talented management teams” and gives them room to grow independently, the company said.
Tencent confirmed during an earnings call in August that it would remain active in acquiring game studios overseas. “In terms of the game business, our strategy is … to focus on developing our capabilities, especially in the international market,” it said. “We will continue to be very active in terms of acquiring new game studios outside China.”
Source: News Formal (newsformal.com)
Utöver att Tencent kommer öka spend i sektorn så sammanfaller det med: 'Saudi Arabia’s state investment fund announced it will invest a further $37.8 billion in the games industry acquisitions, including around $13 billion to acquire “a leading game publisher”. '
this is concering, Tecent buying more companies could lead to a severe stagnation in the game industry, much more severe that we are experecing
Don’t see Jim Ryan or Google complaining about this. Wonder why lol
:)
Tencent and Microsoft buying up everything.
Tencent and Microsoft buying up everything.
Tencent and Microsoft buying up everything.
Thanks microsoft 🤡
This need to be stopped
Better than Microsoft
They are a data gathering company just like tiktok...which seems to have something else in common.
Better them than Microsoft. If it stops Xbox I welcome them even if they turn the companies and franchises to crap. Burn it all down rather than hand it to Nadella
I would not be surprised if an anti-trust suit emerges from this.
china needs to be banned from owning any american company stock including game companies
SonnyBunch
Yet people call out Microsoft 🙄
They should buy Ubisoft, that would give them a strong foothold in the gaming industry.
Wonder how much more money they will 'invest' in Epic so EGS can keep bribing third parties to not sell on other store fronts
Please government block that. Its very bad for the gaming industry.
Sony & Tencent can touch America but Microsoft can't touch anything outside America. 👍😎👌
Lmao, Tencent is gonna go broke.
Can Microsoft beat China?
Sony and Tencent is decades way ahead of Microsoft 😁😁 No worries
So basically Tencent is making higher investments whil Ms is buying up companies there's a difference anyone who uses this as an agruement saying this is why Ms buying up companies that makes 0 sense
Oh the Battle of the greediness begins with tencent and Microsoft
Someone should tell them to sit down
This is so shady. Either buy the company or get out of gaming. This crap of buying controlling shares is manipulative and should be against the law in these numbers
Scum
nice, I make games and Tencent will buy them all!
This is concerning.
and now you see why Microsoft was approached by Activsion. They know what would happen if Tencent gains a major foothold in the US market. China is a silent threat to all of us. Remember that.
Insures 3rd party stay 3rd party
Ponies where y’all at why y’all not mad at this
I mean I thought we already knew this
Ubisoft?
Sony preparing to send in Crying Jim Ryan as we speak
Uh oh. Tencent better watch it. Sony is gonna tell on them.
No filthy communist scum is gonna ruin this industry.
Everyone say thank you Xbox for starting this nonsense
New_Legal_ JAAY_ROCK_
JulienChieze
Shawn Looking to buy Sony when the stocks drop -50% ?
Imagine that. WHO COULDVE SEEN THIS COMING?
All these people turning this into a narrative about people complain about MS and Activision need some introspection.
CMAgovUK scarier then Xbox I would say!
Big fucking surprise. Homogenous gaming here we come.
Hey CMAgovUK, are u going to save Sony from competing with this? 😊
So basically take over and ruin the gaming industry...
is7eelreigni Just watch how CMAgovUK will be okay with it. Ill be keeping my eye on u 💯
fk china
Ah but MS are the ones with a monopoly.
Thank God they focus on European companies, not American companies. The US government must be careful and protect the American gaming market.
Microsoft Xbox Xboxp3
That's bad.
All the stupid comments don’t realize that the article says Tencent made “fewer full acquisitions”, unlike Microsoft… And I’m willing to bet that Microsoft’s acquisitions are a big reason why Tencent is getting more aggressive.
Saudi Arabia Also are Aggressive
Great, the corrupt chinese company want more fat stacks of money out of the gaming industry, cool, nothing to wrorry about that right
This is what people wanted I thought 🤔 since they prefer this over Microsoft,Sony, Nintendo buying everything
Tencent about to buy sony. Turning God of War and tlou into mobile games.
They gonna buy Ubisoft
No thanks. The last thing we need is all of our data to be handed over to the Chinese government through Tencent
Hey Jim Cryin' Ryan, will you go to China and try to block this company too? Or is it only convenient to push the anti-competitive narrative when it's about Microsoft? Change your diapers loser.
These are the real guys to watch out for. Everyone crying about Xbox acquisitions but forget companies like embracer and tencent just swallowing anything they can get their hands on. Studios are much better off under Microsoft
Tencent is great for gaming and the more they buy the better for gaming. They own gaming in Asia and hopefully soon western gaming as well.
Behold the death of gaming. Once it happens you'll see people saying it's not so bad as they defend this evil billion dollar company. Thing's aren't looking good
Why isn’t Sony doing something about this?
El_Locon_Gamer
No
It’s happening!!
Microsoft is fault.
All these fucking big companies will ruin gaming
They should also seek to make slightly enjoyable games too
JMaine518 Companies I would look at first are the ones they already have stakes in (less than 50%). Ubisoft From Software Platinum Games Epic Games Marvelous/XSeed Bloober Team Remedy Ent. Roblox Playtonic Games Paradox Int. Krafton
Welp. Looks like my gaming career is even more fucked!
Here comes Embracer Group number 2.
Microsoft, Tencent, & Embracer Group need to be stopped.
I'll stop them
TencentGames don't. Just don't.
Ah yes refocus on acquisitions, all those what seem like hundreds of acquisitions was them 'unfocused.' What I understand from this is that they want more full acquisitions rather than just investments.
Microsoft and Tencent are perfectly match.
I SAID IT , in a post a while I predicted this!!
As long as Sony secures Sony, Capcom and From I'm fine with that..
Hope tencent will never buy Nintendo that would be a nightmare
Sony s getting bought out
Bubububut Microsoft is a Monopoly
Can we not
Foreign buyers are our enemies. We should be backing Microsoft trying to buy some. If not, it'll just go to them. Sony doesn't have the funds to compete.
China wants to control the youth of tomorrow. Gaming fits right into their plans of world domination. Watch how nationalistic Tencents games will start to become, painting China as good and the west as evil. Start posting your “Remind me of this in x years” ….I won’t be wrong.
bogorad222 But Sony will onky cry about MS acquisitions
Tencent 🤮🤮🤮🤮
Yet playstation guys say xbox a monopoly and howl to the moon while ignoring tercent and embracer group
This is why Xbox is purchasing Activision. They saw this coming, and are working to stay competitive. Sony thinks this is about them, but it’s much bigger.
bogorad222 Would be funny seeing 80% of the industry sanctioned when their government inevitably invades Taiwan.
bogorad222 Good Lucky with that
Lovely, exactly what the video game industry needs more of: growing influence for China through Tencent and the likes of Saudi Arabia doing the same. 🙄🙄
They've already moved in for UBI Soft so not surprising.
Why our governments allowing this😑
These Chinese companies will ruin the industry but yet ppl complain about Microsoft acquisitions
oh boy it is not looking good for anyone right now.
If taiwan gets invaded hope their companies can speak out
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CreativeBloq - 🏆 40. / 65 Read more »
Source: VGC_News - 🏆 125. / 51 Read more »
Source: VGC_News - 🏆 125. / 51 Read more »
Source: VGC_News - 🏆 125. / 51 Read more »
Source: eurogamer - 🏆 68. / 61 Read more »