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Reuters
China's Tencent acquires two ByteDance video game teams – sources
Hong Kong, March 14 (Reuters) –tencent in china 0700.HK The company took over two of ByteDance's video game divisions after the company exited the gaming business last year, according to people familiar with the matter.
The two teams acquired by Tencent include one Shenzhen-based studio developing action games and another eastern China-based studio developing anime games, the company tells media. The person spoke on condition of anonymity because he was not authorized to do so.
ByteDance did not respond to Reuters' request for comment.
Reuters report In January, it was revealed that ByteDance was in talks with several potential buyers for its gaming assets, including Tencent.
part time dance pulled The bulk of the company's video game business was completed last November, five years after it launched its high-profile foray into the $185 billion global video game market.
Report by Josh Ye. Edited by: Brenda Goh and Himani Sarkar
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