Tencent is changing its strategy, reportedly wanting to “aggressively pursue” full-scale acquisitions of Western firms.

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Chinese tencent according to Reuters sources, is to focus mainly on buying a majority of shares in companies. At the same time, even more than before, he wants to turn his gaze to the west. He plans to balance the slowdown in the domestic market.

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Four sources familiar with the situation confirmed to respected Reuters that Tencent is going to “aggressively seek” acquisitions in the West, specifically in Europe. This is speculated to be a response to the tightening of game publishing regulations in mainland China.

Tencent said it had invested in Western studios “well before any regulations” and “is looking for innovative companies with talented management teams and empowering them to grow on their own.”

Recently, Tencent Holding acquired or increased minority stakes in, for example, Ubisoft and FromSoftware, and also invested in the largest Czech studio Bohemia Interactive. Among the latest full-fledged acquisitions are the profits of 1C Entertainment, Sumo Group or the authors of Back 4 Blood.

Former PlayStation boss Sean Layden recently became a strategic advisor to Tencent.

Source :Indian TV

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