Tencent Buys Stake in Chinese Online Game Operator

Tencent, one of the big Chinese IM and gaming operators and part of the Naspers Group (more on the company here), has acquired 19.9% of SZ Domain, an online multi-players games company in China. Under their agreement, Tencent is entitled to purchase a larger stake in SZ Domain in the coming years.

The deal will cost between $5 million to $10 million, according to CSFB.

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