Tencent plans to invest $468 million in PUBG developer
The Chinese IT giant expects to increase its stake in Bluehole to 11.5%. Now Tencent is considering the possibility of outbidding the developer’s shares from venture funds for $ 468 million.
This is reported by The Korea Herald with reference to local Korean publications. Taking into account last year’s investments, Tencent’s total investments in Bluehole could reach $651 million.
This move will make the Chinese company the second largest shareholder of PUBG authors. The largest shareholder of Bluehole today is its founder and president Chang Byung-gyu. Its share is 20.6%.
Today Tencent is working closely with the Korean developer not only as an investor, but also as a publisher. The company has exclusive rights to publish PUBG in China, it also operates mobile versions of the Bluehole Battle Royale.
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