M&A Deal Summary |
|
|---|---|
| Date | 2021-12-17 |
| Target | Turtle Rock Studios |
| Sector | Digital Media |
| Buyer(s) | Tencent Holdings |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Straddling, Yocca, Carlson & Rauth Kabealo Law (Legal) |
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| Category | Company |
|---|---|
| Founded | 1998 |
| Sector | Internet Software and Services |
| Employees | 111,221 |
| Revenue | 660.3B CNY (2024) |
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.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 14 |
| Sector: Digital Media M&A | 4 of 5 |
| Type: Add-on Acquisition M&A Deals | 4 of 5 |
| State: California M&A | 4 of 4 |
| Country: United States M&A | 4 of 4 |
| Year: 2021 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-06-12 |
Bitauto Holdings
Beijing, China Bitauto Holdings Ltd. is a provider of internet content & marketing services, and transaction services for China's automotive industry. Bitauto's business consists of three segments: advertising and subscription business, transaction services business, and digital marketing solutions business. The company's advertising and subscription business provides a variety of advertising services to automakers through the bitauto.com website and corresponding mobile apps which provide consumers with up-to-date automobile pricing and promotional information, specifications, reviews, and consumer feedback. Bitauto also provides transaction-focused online advertisements and services for promotional activities to its business partners, including automakers, automobile dealers, auto finance partners, and insurance companies. Bitauto offers subscription services via its SaaS platform, which provides web-based and mobile-based integrated digital marketing solutions to new car automobile dealers in China. The SaaS platform enables automobile dealer subscribers to create their own online showrooms, list pricing, and promotional information, provide automobile dealer contact information, place advertisements and manage customer relationships to help them reach a broad set of purchase-minded customers and effectively market their automobiles to consumers online. Bitauto was founded in 2000 and is headquartered in Beijing, China. |
Buy | $1.1B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-25 |
Sumo Group
Sheffield, United Kingdom Sumo Group provides acclaimed development and design services to the video games and entertainment industries from studios in the UK, India, Canada, and the US. Sumo Group was founded in 2003 and is based in Sheffield, England. |
Buy | $1.3B |
