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Tencent acquires stake in Shanda

Online giant pays unknown amount for undisclosed portion of Chinese publisher behind World of Legend

Tencent continues to increase its investment in the gaming space. As reported by the South China Morning Post today, Tencent Holdings has purchased a stake in Shanghai-based Shanda Games.

A Shanda Games representative confirmed the deal for the outlet, but would not say how much Tencent spent to acquire its stake, how large the stake is, or even when the purchase was made.

The two companies have history together. For example, Tencent published Shanda's The Legend of Mir Mobile, a mobile version of the early 2000's PC MMORPG The Legend of Mir 2. Shortly after its 2015 launch, the mobile adaptation was pulling in more than $100 million a month entirely from China.

This is just the latest in an increasingly long line of game investments for Tencent. The company also owns Riot Games, and has stakes in Supercell, Epic Games, Paradox Interactive, Frontier Developments, Activision Blizzard, and more.

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