Tencent leads 10% acquisition of PUBG-maker Bluehole for $500m: Report

Photographer: Qilai Shen/Bloomberg

Chinese tech giant Tencent is leading a group of investors in acquiring a 10-per cent stake in one of the world’s top PC games maker Bluehole for more than $500 million, valuing the South Korean firm at more than $5 billion, according to a Wall Street Journal report.

The report quoted sources as saying that Tencent, in partnership with other investors, will acquire the 10 per cent stake from existing shareholders of Bluehole, creator of PUBG and other MMORPGs and mobile games, although there was no assurance that the deal will be completed.

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