Tencent ready to acquire Leyou! $ 1,5 billion deal

According to what emerged in the past few hours from the Twitter account of Daniel Ahmad, the shareholders of Tencent they would have given the green light to acquire Leyou, and with it all the software houses related to the Hong Kong-based company, among which stand out Splash damage e Digital Extremes. Furthermore, according to the data released by the HKexnews site and the well-known analyst, the agreement would be in the pipeline, for a figure that would be around 1,5 billion dollars, while the fusion effective of the companies should take place between the end of 2020 and the first months of 2021. We report below what was communicated by Daniel Ahmad, alias ZhugeEX:

Tencent will acquire Leyou Technologies for $ 1,5 billion after the deal was approved by shareholders on December 11. Leyou will be private on December 23rd.

Leyou is the parent company of Digital Extremes (Warframe), Splash Damage and others, incl. a 20% stake in Certain Affinity.

For the uninitiated, Leyou is a Chinese company, originally started as a farm and poultry farm and went public on the Hong Kong stock exchange in 2011. In 2014, the Asian holding moved from poultry to focus 100% on the gaming industry, and in particular on free-to-play PC and console games. Leyou currently has five branches, including Digital Extremes e Splash damage, developers of the multiplayer shooter Warframe and turn-based tactician Gears Tactics.