Tencent Expands Gaming Empire, Acquires Techland Studio
Portfolio Pulse from Franca Quarneti
Chinese tech conglomerate Tencent Holdings ADR (OTC:TCEHY) has announced its acquisition of Polish game development studio, Techland. The move is part of Tencent's 2022 spending spree, which has seen the company acquire several prominent game development companies. Despite Tencent's majority ownership, Techland will maintain full ownership of its intellectual properties and continue to operate as an autonomous entity.
July 24, 2023 | 8:44 pm
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Tencent's acquisition of Techland is part of its strategy to expand its gaming empire. This could potentially boost Tencent's revenues and market share in the gaming industry.
Tencent's acquisition of Techland is a strategic move to expand its gaming portfolio. This could potentially increase Tencent's revenues and market share in the gaming industry. Given Tencent's majority ownership, it is likely to benefit from the future success of Techland's games.
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