Tencent to become largest shareholder in Japanese video games developer Marvelous

  • The Chinese internet giant will buy US$65 million in Marvelous stock to obtain a big stake in the Japanese company
  • The ties with Marvelous are expected to help Tencent develop its ability to create new console gaming titles

The farming simulation role-playing game Story of Seasons is one of the major console gaming titles from Japanese developer Marvelous. Photo: Handout

Tencent Holdings is buying a 20 per cent stake in video games developer Marvelous, giving the Japanese company capital to develop its game franchises and bolstering the content the Chinese internet giant can offer users.

Shenzhen-based Tencent, which runs the world’s largest video games business by revenue, will spend about 7 billion yen (US$65 million), through affiliate Image Frame Investment, to buy stock in the Japanese games maker.

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