Difference Of Direction
Tag: Divestment
Tactical Turnaround
ByteDance to pull back from games and pull the plug on Nuverse plans
ByteDance is now looking to divest from its existing titles and halt production of new Nuverse games
Regulations
Microsoft: Acquiring mobile portion of Activision Blizzard is “key strategic objective”
The comments were made in the response to key CMA remedies for the merger
Total Divestment
Update: Stillfront acquires 6Waves for $201 million, buys out Nexon's 34.8% stake for $93 million
Purchasing 26.5 million shares from Nexon
Divestment
Tencent raises $3 billion from sale of Sea Group shares
Remains majority shareholder
Divesting Shares
Tencent sells $56m worth of Glu Mobile shares
Chinese publisher reduces stake in US developer to 14.46 per cent
Restructure
With the $4 billion Chinese mobile game market its big play for 2015, Kabam ditches web games
Sold off to RockYou
Deals
GungHo makes $74 million selling its share of Supercell back to SoftBank
Japanese dev is now focusing on Asia market
Deals
SkyMobi realises $9 million gain on sale of Fangcun shares
Alpha Animation buys into mobile games