Tencent to buy Xiaomi’s BlackShark Gaming division for $470M

A brand new report claims that the Chinese language big Tencent Video games is about to accumulate Xiaomi’s BlackShark Gaming division in a deal value roughly CNY 3 billion. That is a bit over $470 million.

Particulars surrounding the acquisition are scarce and an official assertion on the matter continues to be lacking. Ought to it come to cross although Tencent will lastly enter the gaming smartphone phase with a {hardware} provide of its personal.

Beforehand Tencent struck partnerships with varied smartphone makers, together with Asus for its ROG Telephone and nubia for the Purple Magic collection. With BlackShark, the corporate may have the ability to take its enterprise abroad as nicely provided that Xiaomi’s division has already penetrated some large markets.

Leave a Comment