Tencent bought 10% of Seasun shares for $142 million

Chinese corporation Tencent acquired 9.9% of shares of local developer Seasun for $142.2 million.

According to Mobile World Live, the transaction was carried out through Image Framework Investment, a subsidiary of Tencent.

Image Framework Investment bought 4.3% of Seasun shares for $62.2 million from its parent company Kingsoft, and then acquired the remaining 5.6% from WestGame Holdings, United Websoft and Xiaomi Ventures for $80 million.

Seasun is known for titles such as GO Titans, Ships of Glory and Brave Cross. Previously, Seasun studio, with the participation of Tencent, published the role-playing MMO game JX Online.

Tencent is one of the leaders of the gaming market in China and is one of the ten largest gaming companies in the world.

Source: Pocket Gamer