Tencent will pay $ 470 million for Xiaomi’s BlackShark Gaming division

Tencent will pay $ 470 million for Xiaomi's BlackShark Gaming division

According to a fresh report, Tencent Games is on the verge of acquiring Xiaomi’s BlackShark Gaming subsidiary for around CNY 3 billion. That works up to a little more than $470 million. The acquisition is still shrouded in mystery, and no official statement has been released. If this happens, Tencent will be the first company to join the gaming smartphone market with its own hardware.

Tencent will pay $ 470 million for Xiaomi’s BlackShark Gaming division

Previously Tencent struck partnerships with various smartphone makers, including Asus for its ROG Phone and nubia for the Red Magic series. With BlackShark, the company might be able to take its business overseas as well given that Xiaomi’s division has already penetrated some big markets.

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