China's Tencent to buy stake in mobile game maker Glu Mobile
Published Wed, Apr 29, 2015 · 11:39 PM
[BEIJING] Mobile game developer Glu Mobile Inc said China's Tencent Holdings Ltd would buy a 14.6 per cent stake in the company for US$126 million.
Tencent is buying 12.5 million shares on Wednesday and will acquire a further 8.5 million shares in a second tranche in the future, Glu Mobile said in a statement.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think