Tencent Holdings, which runs the world’s largest video gaming business by revenue, completed its US$1.3 billion takeover of Leyou Technologies in December last year. Photo: AP Tencent Holdings, which runs the world’s largest video gaming business by revenue, completed its US$1.3 billion takeover of Leyou Technologies in December last year. Photo: AP
Tencent Holdings, which runs the world’s largest video gaming business by revenue, completed its US$1.3 billion takeover of Leyou Technologies in December last year. Photo: AP
Tencent

Analysis |
Why Tencent spent US$1.3 billion to buy video gaming firm Leyou, but left it to languish

  • Eight months after Tencent’s acquisition, Leyou is mired in cancelled projects and hobbled by an exodus of employees
  • Tencent is said to be particularly interested in one Leyou investee company, American developer Certain Affinity

Topic |   Tencent
Tencent Holdings, which runs the world’s largest video gaming business by revenue, completed its US$1.3 billion takeover of Leyou Technologies in December last year. Photo: AP Tencent Holdings, which runs the world’s largest video gaming business by revenue, completed its US$1.3 billion takeover of Leyou Technologies in December last year. Photo: AP
Tencent Holdings, which runs the world’s largest video gaming business by revenue, completed its US$1.3 billion takeover of Leyou Technologies in December last year. Photo: AP
READ FULL ARTICLE