Tencent invests $318 million in Chinese video-sharing company Bilibili
Publisher acquires 12.3 per cent of shares in a company that dabbles in running League of Legends and Overwatch esports teams
Stay Informed
Get Industry News In Your Inbox…
Tencent is purchasing shares worth $317.6 million in video and esports company Bilibili.
The company's video-sharing site covers areas such as video content, live broadcasting and mobile games.
Share price bump
Tencent will acquire just over 25 million Class Z ordinary shares at $12.67 apiece. In total, the Chinese publisher is set to acquire 12.3 per cent of Bilibili.
Thanks to Tencent’s investment, price-per-share in Bilibili peaked at $15.48 yesterday morning, up from $13.31 the day prior.
Our sister-site PCGamesInsider.biz has the full story.
Companies
