Tencent to acquire Xiaomi’s Black Shark for USD 470M, says report

What’s your Reaction?

Tencent Games reportedly plans to acquire Xiaomi‘s BlackShark Gaming division in a deal worth approximately CNY 3 billion, or over USD 470 million.

Tencent Games Black Shark

Tencent Games is the video game publishing division of Tencent Interactive Entertainment.

According to reports, the gaming smartphone-making company will undergo a business transformation after the acquisition process is complete. Further, Black Shark as a brand would likely see an expansion once the deal is completed.

See also  Datablitz, iTech, GameXtreme offer PS4, PS4 Pro bundle promos

Gizmochina also reported that the acquisition seeks to step into the Metaverse. More so, the diversification process will reportedly grow to include VR (Virtual Reality) based technologies and devices. With that said, the software content for VR will be provided by Tencent, while Black Shark manufactures the hardware.

Previously, smartphone makers like ASUS and nubia partnered with Tencent for their gaming smartphones.

Stay tuned to our page for more updates.

See also  HP unveils the Omen X gaming laptop

Sources: GSMArena, Gizmochina

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x