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Tencent in exclusive talks to buy Hong Kong gaming firm Leyou

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A pedestrian walks past Tencent Holdings’s headquarters in Shenzhen, China.

Qilai Shen | Bloomberg | Getty Images

Chinese tech giant Tencent is in exclusive talks to acquire Leyou Technologies, the Hong Kong-listed games developer announced on Friday.

Leyou has a number of subsidiaries which make video games. It is most well-known for “Warframe,” a title created by subsidiary Digital Extremes.

It has also announced plans to bring out a game based around “The Lord of the Rings” franchise and is co-developing the upcoming title with Amazon’s gaming division.

Leyou and its controlling shareholder, Charles Yuk, have entered into an exclusivity agreement with Tencent Mobility Limited, a Tencent…



Source cnbc.com

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