Tencent Holdings - M&A Summary and Business Overview

Internet Software And ServicesCompany

Tencent Holdings M&A Summary

Tencent Holdings has acquired 15 companies, including 5 in the last 5 years. It has also divested 4 assets.

Tencent Holdings’ largest acquisition to date was in 2022, when it acquired Sumo Group for $1.3B. Tencent Holdings has acquired in 1 US state, and 8 countries. The Company’s most targeted sectors include internet software and services (34%) and digital media (34%).

Tencent Holdings Business Overview

Where is Tencent Holdings headquartered?

Tencent Holdings is headquartered in Shenzhen, China.

What is Tencent Holdings’ revenue?

Tencent Holdings disclosed revenue of 609,015M CNY for 2023 and 554,552M CNY for 2022.

How many employees does Tencent Holdings have?

Tencent Holdings has 104,787 employees.

What sector is Tencent Holdings in?

Tencent Holdings is an internet software and services company.

When was Tencent Holdings founded?

Tencent Holdings was founded in 1998.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity15
    • M&A Sell Activity3
  • Total Sectors Invested 7
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 14
  • M&A Advisors 7

Tencent Holdings

Tencent Holdings Ltd.

Tencent Binhai Towers No. 33 Haitian 2nd Road Nanshan District,
Shenzhen, 518054
China,
+86 75 5860 13388
www.tencent.com

Tencent is a provider of a comprehensive range of Internet and wireless value-added services. Through its various online platforms, including Instant Messaging QQ, web portal QQ.com, the QQ Game platform under Tencent Games, multi-media social networking service Qzone and wireless portal, Tencent services the largest online community in China and fulfills the user's needs for communication, information, entertainment and e-Commerce on the Internet. Tencent has three main streams of revenues: Internet value-added services, mobile and telecommunications value-added services and online advertising. Tencent Holdings was founded in 1998 and is based in Shenzhen, China.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 10 2 1 1 1 - 15
vol $674M $1.1B $1.3B $3.0B
Sell (0.2/yr) # 2 1 - - - - 3
  18

Most Recent M&A

Company Date Value Type
Global Blue Group Holding AG 2023-11-16 - Stake Purchase
Wangen-Brüttisellen, Switzerland · www.globalblue.com
Sumo Group Ltd. 2022-01-25 1.3B USD Add-on Acquisition
Sheffield, United Kingdom · www.sumogroupltd.com
Turtle Rock Studios, Inc. 2021-12-17 - Add-on Acquisition
Lake Forest, California · www.turtlerockstudios.com
Bitauto Holdings Ltd. 2020-06-12 1.1B USD Add-on Acquisition
Beijing, China · www.bitauto.com
58.com, Inc. 2020-04-02 - Stake Sale
Beijing, China · www.58.com
Universal Music Group, Inc. 2020-03-31 - Stake Purchase
Santa Monica, California · www.universalmusic.com
Maya Innovations, Inc. 2018-10-04 - Growth Capital
Manila, Philippines · www.maya.ph
Voodoo 2018-05-28 200M USD Buyout (LBO, MBO, MBI)
Paris, France · www.voodoo.io
Shanda Games Ltd. 2018-02-08 474M USD Add-on Acquisition
Shanghai, China · www.shandagames.com
ibiboGroup 2016-10-18 - Divestiture
Gurgaon, India · www.ibibo.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 5 (33%) 1.6B (52%) 3 (100%) -
Digital Media 5 (33%) 1.5B (48%) - -
Education 1 (7%) - - -
Financial Services 1 (7%) - - -
Information Technology 1 (7%) - - -
Media 1 (7%) - - -
Software 1 (7%) - - -
Total 15 $3.0B 3 -

By Geo

State/Country Buy Value Sell Value
China 4 1.6B 2 -
United States 4 - - -
  California 4 - - -
India 1 - 1 -
Switzerland 2 - - -
Finland 1 - - -
France 1 200M - -
Philippines 1 - - -
United Kingdom 1 1.3B - -
Domestic 4 (27%) 1.6B (52%) 2 (67%) -
Cross-border 11 (73%) 1.5B (48%) 1 (33%) -
Total 15 $3.0B 3 -

Top M&A Advisors

Financial Deals
BofA Securities
3
Morgan Stanley
1
Legal Deals
Davis Polk & Wardwell
2
Latham & Watkins
1
Slaughter and May
1

Deal Values

buy # Total
> $1B 2 $2.4B
$100M to $1B 2 $674M
TOTAL $3.0B
Largest Sumo Group Ltd.
$1.3B (2022-01-25)

M&A Connections

Deals
Acquired from
Strategic(s)
13%
2 (13%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

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Related Lists for Tencent Holdings

Internet Software and Services Companies , China Companies