Technology
Report: Tencent raising billions to buy EA, Take-Two, or others – TweakTown
Tencent is reportedly raising billions on a debt offer and may force hostile takeovers of a U.S.-based company, possibly Take-Two.
New reports say Chinese juggernaut Tencent is eyeing a billion-dollar acquisition of a U.S.-based gaming company. Who could it be?
Sources tell TMT Finance that Tencent is raising billions to buy out a new game company. Insiders believe Tencent could force a hostile takeover of Grand Theft Auto parent company Take-Two Interactive, or possibly make a deal to buy out EA.
The more likely scenario sees Tencent buying a South Korean developer, sources say. Targets include NetMarble, South Korea’s biggest…
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