General / Off-Topic Tencent

[Juniper]

So, in case people haven't heard, this happened today.

Tencent buys UK games company Sumo Group for $1.27bn

They recently bought 10% in the company, and were able to offer a premium on the languishing share price to entice directors to sell.

 

[Manticore]

They've bought a lot of stuff...........

 

[Juniper]

They also own 10% of Frontier.

 

[Para Handy]

They also own 10% of Frontier.

... also they already own Riot Games and have stakes in Epic Games and others.

I posted this elsewhere earlier:

China’s Tencent agrees to buy UK video games firm Sumo for more than £900m

Move expands Chinese tech company’s presence in the global video games market

www.theguardian.com

 

[metatheurgist]

Companies buying other companies is that Economics thing that they say is good for us.

 

[Manticore]

Also

... also they already own Riot Games and have stakes in Epic Games and others.

I posted this elsewhere earlier:

China’s Tencent agrees to buy UK video games firm Sumo for more than £900m

Move expands Chinese tech company’s presence in the global video games market

www.theguardian.com

Also Digital Extremes/Warframe as far as I know.......

 

[Cosmo]

So, in case people haven't heard, this happened today.

Tencent buys UK games company Sumo Group for $1.27bn

They recently bought 10% in the company, and were able to offer a premium on the languishing share price to entice directors to sell.

Tencent has too much influence in the game industry. They buy up or gain influential stakes in lots of companies. Tencent is also backed by the CCP which makes it suspicious.

Companies buying other companies is that Economics thing that they say is good for us.

Tencent got loans from the CCP (government) to buy western and other Asian companies for technological gain and influence around the world. That's not fair economic competition.

 

[metatheurgist]

Tencent got loans from the CCP (government) to buy western and other Asian companies for technological gain and influence around the world. That's not fair economic competition.

And the US government bailed out heaps of banks during the GFC. What's your point?

 

[Juniper]

That's not fair economic competition.

There is no such animal.

 

[Chaparral]

They only make games better am I right?

 

[Cosmo]

[/QUOTE]

There is no such animal.

There's a difference between companies who receive tax payer money (cronyism) and companies without such extra benefits.

 

[Stigbob]

I remember way back in 2016 when dinosaurs roamed the Earth and this was last remotely relevant .