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The ~8th (sometimes a bit higher) biggest company in the world. They have a huge gaming portfolio -- it's a very profitable market if you know how to play it well.
I guess buying a bigger stake in Netmarble would also make a lot of sense if they own a portion already. Netmarble not having an ADR or being traded on the US markets at all probably limits their growth to some capacity so it wouldn't be too expensive to acquire them.
If Tencent is willing to overpay for WB, AT&T will sell in a second. They are knee deep in debt.
Any business strategist worth a dime, would wait for ATT's situation to get even worse and grab not just the studio, but lack up long term licenses atvwell below rates.
Genuinely curious, but what's so bad about Tencent? What is their extent of influence on games out right now and how have they made things worse?
People are pulling names out of their ass while ignoring what we know. Take Two is worth $20B which would put them out of their "several billions" range.
Gross. I wouldn't play anything by them. Hopefully they buy a shitty company like Activision or EA.
Not that I like that but most if not all companys bend to the Chinese governments will.
There is a rumor on Reddit it's going to be Take Two Interactive.
reddit.com
Please no.
Reddit - Dive into anything
reddit.com
that seems to be based on random tweets by jez corden, i wouldn't read too much into it.There is a rumor on Reddit it's going to be Take Two Interactive.
Please no.Reddit - Dive into anything
To be fair, they don't necessarily have to raise all the funds to complete the purchase. It can involve a stock swap and other things as well to make up the valuation difference. But it's probably not TTWO.
Is it "half" sinophobia or is 100% people being fucking sick of China's censorial society affecting our media and ways of life more than we affect theirs?
We've learned today that this is not related to the acquisition this thread is talking about - Klei is a much smaller developer that is not in the "several billions of dollars" or $6B range.
Nop, that is just the money they will borrow, the acquisition can be above that, we should start looking at companys with valeu above 10B at this point if they are borrowing that much.
It's very rare to see an acquisition deal funded by 100% cash, usually it's between 20%-50% range
Bungie possibly, Bungie is a big name, has a valuable I.P with Destiny, they are a fairly large studio and have no need to sell, so can get whatever they want.
They're Japanese companies, not U.S. or Korean.
BUT WESTERN COMPANIES BAD TOO SO YOU CAN'T CRITICIZE!
-random era member spouting whataboutisms
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How much would T2 cost? I mean, didn't GTA V made 1 billion in one day or something like that? 6 billion seems way to low.
From what I understand, something like 40 billion.
$6 billion is just the loan, they certainly have other lines of payment.
The Zynga seems to be the most sensible to me given many of Tencent's other investments and a 6B loan (Zynga having a market cap of approximately double that) considering Zynga's presence in the mobile gaming space, but maybe it's something like WBIE.
Tencent seems to have been very hands off with the acquisitions. I don't remember Tencent influencing the companies they bought in any public and major way.
However China uses censorship heavy handedly domestically and is very sensitive to any criticism internationally too. So there are fears that China will use the acquired companies to extend this censorship internationally.
But so far it seems to me that Tencent and China invest in foreign companies because they want to extract capital. Just like any company ever. So I don't personally think we'll have problems from Tencent buying gaming companies (from political perspective).
A much more likely scenario would be bad management enforcing bad business decisions on companies it owns, but that's the danger of any megacorp owning large chunks of any industry.