Why Tencent is ‘aggressively’ trying to buy Western gaming companies, per report

Chinese multinational conglomerate Tencent is looking to expand into overseas gaming companies, according to Reuters.

Parent company to League of Legends, PUBG, Fortnite, and countless others, Tencent has spent considerable resources in acquiring both up-and-coming and already popularized titles. Typically, Tencent has only acted as minority shareholders and passive financial investors, though reportedly the conglomerate is changing up its strategy. Tencent may now look to own majority or controlling stakes over its future, predominately overseas assets.

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