News

Tencent may prepare to acquire Black Shark Technology, a subsidiary of Xiaomi Group

According to the latest report, in response to “Tencent is preparing to acquire Black Shark Technology under Xiaomi Group for 2.7 billion”, industry sources said that the acquisition is still under negotiation.

Industry insiders pointed out that, on the one hand, if the acquisition is finalized, it remains to be seen whether Black Shark will merge into Tencent PCG or CSIG or other business units; on the other hand, it remains to be seen whether there are major trends in the investment and financing of Internet giants.

JOIN US ON TELEGRAM

According to a report from 36 Krypton on January 10, it was learned from multiple independent sources that Tencent plans to acquire Black Shark Technology, a gaming mobile phone company. After the acquisition, Black Shark will be integrated into the Tencent Group Platform and Content Group (PCG) led by Ren Yuxin.

Moreover, after the transaction is completed, Black Shark’s future business focus will shift from gaming phones to VR devices as a whole – Tencent provides content, and Black Shark provides VR hardware access.

Furthermore, Black Shark Technology was established in 2017 and was founded by Xiaomi. It has launched several gaming phones, including Tencent Black Shark Gaming Phone 3, which was jointly launched by Tencent Games and Black Shark in January 2020. According to the report, the acquisition has also been recognized by Xiaomi’s executives.

According to the information, “Tianjin Venture Capital Industrial Co., Ltd.”, which is wholly owned by Xiaomi, is the major shareholder holding 46.4% of Black Shark Technology. Luo Yuzhou, co-founder and current CEO of Black Shark, used to be the vice president of Huawei’s consumer business in China.

Besides Telegram, you can also stay connected with us through Twitter, Instagram, and Facebook.

(via)

Click to comment

Leave a Reply

Your email address will not be published.

To Top