Tencent is potential buyer for Leyou Technologies

Tencent

The bidding war for Leyou Technologies continues with Tencent said to be the latest potential suitor. Bloomberg reports that the Chinese giant is currently in talks to acquire Leyou, citing anonymous sources close to the matter.

The news follows reports that Sony Corporation was also in discussions with Leyou. Other interested parties have included mobile publisher iDreamSky — which Tencent has invested in — and Leyou rival Zhejiang Century Huatong Group.

The sources warn that talks between Leyou and Tencent are ongoing and could fall apart, but there could also be an announcement on the discussions later today.

Leyou Technologies

Interestingly, Leyou Technologies requested a temporary halt in the trading of its shares on the Hong Kong Stock Exchange.

Spotted by Niko Partners’ Daniel Ahmad, the notice says this is due to the Hong Kong code on takeovers and mergers regarding inside information of the company.

Tencent is said to still be considering the structure of its offer, which could involve teaming up with iDreamSky and Zhejiang Century Huatong.

Leyou Technologies is the parent of Warframe developer Digital Extremes, UK work-for-hire studio Splash Damage, and publisher Athlon Games, with varying stakes in other companies.

Reports of a sale have been emerging since Leyou’s controlling shareholders Charles Yuk began talks with iDreamSky about selling a majority stake.

About PodcastGameConsultant.com;

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry.

With over 20+ years of experience, well known publishers, AAA+ game developers, serial gaming entrepreneurs and management teams of gaming corporations consult him on matters that behold financial, technical, operational, strategic and commercial.

I am observing and overseeing several boards of gaming companies. My trademark is to listen, strategize and give feedback to the stakeholders involved. I also represent management/founders towards shareholders and vice versa.

Every Sunday I am hosting a games podcast. New episode are every week with gaming start up’s, investors and game experts. The reason I started this game podast was to share my experience and network.

It is fun, since there are many games podcasts already, but no-one is focusing on the gaming industry. So tune into my video game podcast and do share with others!