Tencent buys 28% of CJ games for $500M

CJ-LOGO

Tencent Holdings Ltd (HKG:0700), the developer of WeChat, has announced it will be paying $500 million for a 28% stake in CJ Games. This deal will make Tencent the third-largest investor in CJ Games. CJ Games will acquire online and mobile game portal Netmarble as part of the deal.

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