Tencent Holdings Mergers and Acquisitions Summary

Internet Software And ServicesCompany

Tencent Holdings has acquired 13 companies, including 6 in the last 5 years. It has also divested 3 assets.

Tencent Holdings’ largest acquisition to date was in 2020, when it acquired Bitauto Holdings for $1.1B. Tencent Holdings has acquired in 1 US state, and 7 countries. The Company’s most targeted sectors include internet software and services (39%) and digital media (31%).

Join Mergr and gain access to Tencent Holdings’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the internet software and services sector.

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity13
    • M&A Sell Activity3
  • Total Sectors Invested 6
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 16
  • 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 ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.6/yr) # 10 - 2 1 - - 13
vol $674M $1.1B $1.8B
Sell (0.2/yr) # 2 - 1 - - - 3
  16

Most Recent M&A

Company Date Value Type
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 - Going Private
Beijing, China · www.58.com
Universal Music Group, Inc. 2020-03-31 - Stake Purchase
Santa Monica, California · www.universalmusic.com
Voyager Innovations, Inc. 2018-10-04 - Growth Capital
Manila, Philippines · www.voyagerinnovation.com
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
Supercell Oy 2016-06-21 - Stake Purchase
Helsinki, Finland · www.supercell.net
Think & Learn Pvt. Ltd. 2016-03-22 - Growth Capital
Bengaluru, India · www.byjus.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 5 (38%) 1.6B (89%) 3 (100%) -
Digital Media 4 (31%) 200M (11%) - -
Education 1 (8%) - - -
Information Technology 1 (8%) - - -
Media 1 (8%) - - -
Software 1 (8%) - - -
Total 13 $1.8B 3 -

By Geo

State/Country Buy Value Sell Value
China 4 1.6B 2 -
United States 4 - - -
  California 4 - - -
India 1 - 1 -
Finland 1 - - -
France 1 200M - -
Philippines 1 - - -
Switzerland 1 - - -
Domestic 4 (31%) 1.6B (89%) 2 (67%) -
Cross-border 9 (69%) 200M (11%) 1 (33%) -
Total 13 $1.8B 3 -

Top M&A Advisors

Financial Deals
Bank of America Merrill Lynch (BofA Securities)
 2
Morgan Stanley
 1
Legal Deals
Covington & Burling LLP
 1
Davis Polk & Wardwell LLP
 1
Latham & Watkins
 1

Deal Values

buy # Total
> $1B 1 $1.1B
$100M to $1B 2 $674M
TOTAL $1.8B
Largest Bitauto Holdings Ltd.
$1.1B (2020-06-12)

M&A Connections

Deals
Acquired from
Strategic(s)
15%
2 (15%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Internet Software and Services

Revenue

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

110,715

Established

1998

Public

Hong Kong (SEHK): 0700

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