Sources: Tencent is resetting its M&A strategy, seeking to own majority, or even controlling, stakes in overseas targets, mainly in European gaming companies
Tencent is resetting its M&A strategy to put more focus on buying majority stakes mainly in overseas gaming companies …
My latest: Tencent has practically stopped buying gaming assets in China given regulatory scrutiny. Instead, it's been focusing on assets overseas. And unlike before, it's gunning for controlling stakes rather than just minority stakes. W/ @julie_zhuli https://www.reuters.com/...