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 digital media (34%) and internet software and services (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%)

Company Summary

SECTOR

Internet Software and Services

Revenue

609,015   10% 2023
554,552   1% 2022
560,118   17% 2021
482,064   28% 2020
377,289   21% 2019
312,694   32% 2018
237,760   57% 2017
151,938   48% 2016
102,863   2015
(millions of CNY) Show More Show Less

Employees

104,787

Established

1998

Public

Hong Kong (SEHK): 0700

 Subscribe to unlock this and 207,877
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 200K M&A Transactions
  • 203K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for Tencent Holdings

Internet Software and Services Companies , China Companies

Related Lists for Internet Software and Services Companies

Largest Internet Software and Services Companies , Acquisitive Internet Software and Services Companies , Recently Acquired Internet Software and Services Companies , Recently Sold Internet Software and Services Companies , Private Internet Software and Services Companies , Public Internet Software and Services Companies , Acquired Internet Software and Services Companies , PE Backed Internet Software and Services Companies

Related Lists for China Companies

Largest China Companies , Acquisitive China Companies , Recently Acquired China Companies , Recently Sold China Companies , Private China Companies , Public China Companies , Acquired China Companies , PE Backed China Companies
Mergr

Product

Company

Legal