Tencent Shifts Focus to Majority Deals

Encent is revising its M&A approach to concentrate more on acquiring majority holdings.

The IT giant is investing primarily in foreign gaming startups as it looks to expand globally to counteract declining Chinese domestic growth.

people with firsthand knowledge of the situation reported.

Tencent Holding Ltd. has invested in hundreds of emerging companies for many years.

primarily in the domestic market. Typically, it has bought minority stakes.

But now, it's actively pursuing acquiring a majority or even controlling share in foreign targets.

According to the four people with firsthand knowledge of the situation, particularly in European gaming assets.

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