Tencent acquires stake in online games developer Shanda Games

Tencent company name is displayed at a news conference in Hong Kong, China March 17, 2016. REUTERS/Bobby Yip

Internet giant Tencent Holdings has bought an undisclosed stake in Shanda Games, a privately held Chinese developer of online games, according to a South China Morning Post report.

The report cited a Shanda Games spokesman confirming the investment without disclosing further details such as the amount of investment, the size of Tencent’s stake, or the timeline of the transaction.

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