Tencent buys 28% of CJ games for $500M

Posted Mar 26, 2014

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.