Tencent, the tech company that owns League of Legends and partially owns both Fortnite and PlayerUnknown’s Battlegrounds, has made yet another gaming-related investment: an increased share in the Chinese streaming platform Huya.
According to a report by GamesIndustry.Biz, The tech giant paid $262.6 million for a controlling share in the company – two years after it had already invested $461.6 million in the platform. Tencent’s general manager, along with three other Tencent managers, have been appointed to Huyu’s board of directors as part of the deal.
Huya is similar to western streaming platforms Twitch and Mixer, broadcasting live gameplay footage to a wide audience. In 2018, it was given the exclusive right to broadcast South Korea’s professional League of Legends championship in China.
Huyu is not the only streaming platform that Tencent has a stake in, however. They also invested $632 million into DouYu, China’s largest streaming service back in 2018. The company also hosts its own streaming platform, eGame, on their social media platform QQ.
This recent purchase is another in a long line of gaming-related investments by the industry giant. Tencent also owns shares in Epic Games, Activision Blizzard, Paradox Interactive, Ubisoft, Supercell and PlatinumGames.
Source: GamesIndustry.Biz
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