Deals
Tencent in Talks to Acquire Hong Kong-Listed Gaming Firm Leyou
- Tencent’s unit enters into exclusive talks with Leyou Tech
- Sony, iDreamSky were among potential bidders for Leyou
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Tencent Holdings Ltd. is in advanced talks to take Chinese gaming firm Leyou Technologies Holdings Ltd. private, edging out other potential suitors including Sony Corp. in a battle for the Hong Kong-listed company.
Tencent Mobility Ltd., a wholly-owned unit of the Chinese tech giant, has entered into an exclusive agreement with Leyou for a potential privatization, Leyou said in an exchange filing on Friday. That confirmed an earlier Bloomberg News report.