What companies does Tencent own?
Tencent invested $330 million in Epic Games in June 2012, leading to producing Fortnite and Paragon, and investing in live-service games amongst others. Read More: What companies does Facebook own? 2. Riot Games In 2011, Tencent turned into Riot Games’ stakeholder owning 93% of its shares.
How much of Epic Games does Tencent own now?
Tencent purchased 48.4 percent of the remaining shares in Epic at the time, which equates to an overall total of a 40 percent stake in Epic Games. We've updated the article to reflect that.
What does Tencent's $224 billion investment portfolio look like?
Additionally, a non-trivial part of Tencent's $224 billion investment portfolio consists of large stakes in non-Chinese companies that are doing quite well. For instance, Tencent owns about 4% of Tesla ( NASDAQ:TSLA), about 4% of Spotify ( NYSE:SPOT), 12% of Snap ( NYSE:SNAP) and about 5% of Activision Blizzard ( NASDAQ:ATVI).
How many gaming companies has Tencent invested in?
The list of the 31 gaming companies Tencent invested in can be seen below, but it's worth noting that most of its investments are minor stakes in smaller Chinese companies that don't have much of a global presence.
Tencent Holdings Ltd ownership in ATVI / Activision Blizzard, Inc.
Every game company that Tencent has invested in | PC Gamer
The stock has plummeted amid China's regulatory campaign, but the sell-off could be a huge long-term opportunity for intrepid investors
I love looking at the "story" behind investments from an interdisciplinary point of view, with an equal appetite for high-growth disruptors and beaten-down value names.
1. Tencent's business model is diverse, and mostly out of the crosshairs, for now
Outside of its huge investment portfolio, which totaled $224 billion as of the end of June, Tencent's four core businesses are video games, social media, fintech, and cloud computing (with some traditional streaming video and music thrown in).
2. Tencent has always undermonetized its platforms
A big overarching theme of the regulatory crackdown is to make a more equitable economy in China, so that wealth does not flow to just a few elites or a few elite companies.
3. Tencent could be developing an enterprise software giant right under our noses
The most compelling long-term growth driver for Tencent could very well be its ascendant cloud computing business. Although the company currently combines its cloud segment with its fintech segment, that "fintech and business services" segment grew 40% last quarter, the fastest-growing segment today, and now almost as large as the gaming segment.
4. Foreign holdings are significant
Fourth, no matter what happens inside China, Tencent actually has a fairly significant amount of foreign assets and revenue. As stated before, international revenue now accounts for a quarter of total gaming revenue, and is growing fast.
5. Tencent just repurchased shares, a rarity for the company
Finally, an announcement Thursday and Friday might have slipped under the noses of investors. Specifically, Tencent repurchased 180,000 of its own shares on Thursday and 240,000 shares on Friday, the two days after its second-quarter earnings report.
Be cautious, but opportunity looms
Due to the uncertainty in China, it is probably a good idea to have a hard limit on your allocation to Chinese stocks; but if you have no or only a small amount of Chinese exposure, Tencent's stock could be an excellent long-term opportunity today.
When did IBM buy Truven?
Several years later, Truven became a target in IBM’s aggressive push into the healthcare industry. IBM bought the healthcare analytics company in 2016 after making several acquisitions of medical-technology companies totaling more than $4 billion over the previous year.
When did Cognos buy IBM?
13 The company was acquired by IBM in 2008 for $4.9 billion.
What is IBM consulting?
IBM integrated the consulting service into a new global business unit called IBM Business Consulting Services, extending the reach of its Global Services Business. At the time, it was the largest consulting services organization in the world, having operations in over 160 countries.
What is IBM 2021?
Nathan Reiff. Updated Jul 14, 2021. International Business Machines Corp. ( IBM) is a multinational technology company that offers a range of computing solutions and technology consulting services. Big Blue traces its origins back as early as the 1880s, but it was in 1911 that the company was first incorporated as the Computing-Tabulating-Recording ...
Who bought Red Hat?
In 2019, Red Hat was acquired by IBM for approximately $34 billion, which broke the record for the largest software acquisition in history. 10 The acquisition brings together Red Hat’s open hybrid cloud technologies with the scale and depth of IBM ’s innovation, industry expertise, and sales leadership.
What is Tencent known for?
Tencent is best known for WeChat, its ubiquitous do-everything app in China, and is the world’s largest videogame company by revenue, with hits such as “League of Legends” and “Honor of Kings.”.
How much is Tencent worth in 2020?
Tencent’s last earnings report, released in November, said its investments in listed companies, excluding its subsidiaries, were worth the equivalent of $138 billion as of end-September 2020. That was nearly 10 times the figure it reported just four years earlier.
How much has Tencent gained in value?
While the investees have gained roughly $33.7 billion in value in a year, Tencent overall has only gained about $94 billion in market value. So basically, Tencent's investees have accounted for over a third of Tencent's gains over the past year.
What is Tencent's strategy?
As one of China's oldest and largest tech giants, Tencent employs a capital allocation strategy of routinely plowing excess profits into various start-ups and younger tech companies. And not only in the Chinese internet space, but also in several Western tech companies as well.
Who is the fourth biggest contributor to Tencent?
Finally, the fourth-biggest contributor, after JD.com, has been Tesla.
Why are Chinese tech stocks selling off?
While many Chinese tech stocks have sold off after the scandal involving Luckin Coffee and the Senate's passage of the Hold Foreign Companies Accountable Act, it's entirely possible these distractions have opened up an opportunity in high-quality Chinese companies.
How many gaming companies will Tencent invest in 2020?
But in 2020, Tencent closed 300 percent more deals than it had the previous year—adding a whopping 31 gaming companies to its list of investments and acquisitions.
What is Tencent Games?
Tencent Games, the world's largest gaming company (and China's second biggest tech firm), has its fingers in a lot of pies. In the gaming industry, it has investments in companies like Ubisoft, Activision Blizzard, and Epic.
Who owns the intellectual property of Telltale?
Leyou has a publishing agreement with Amazon for the Chinese release of Amazon's upcoming Lord of the Rings MMO. Leyou's subsidiary Athlon Games is a shareholder and publishing partner of LCG Entertainment, which now owns the intellectual property of Telltale Games after it went defunct. Tencent's acquisition of Leyou effectively means Tencent is ...
Why is IBM acquisition listed in USD?
The value of each acquisition is listed in USD because IBM is based in the United States. If the value of an acquisition is not listed, then it is undisclosed. Many of the companies listed in this article had subsidiaries ...
What companies did IBM merge with?
Since the 1960s or earlier, IBM has described its formation as a merger of three companies: The Tabulating Machine Company (1880s origin in Washington, DC), the International Time Recording Company (ITR; 1900, Endicott), and the Computing Scale Company of America (1901, Dayton, Ohio). However, there was no merger, it was an amalgamation, and an amalgamation of four, not three, companies. The 1911 CTR stock prospectus states that the Bundy Manufacturing Company was also included. While ITR had acquired its time recording business in 1900 Bundy had remained a separate entity producing an adding machine and other wares.
When did Transarc become part of IBM?
CGI Informatique (France), bought in 1993, ran independently until 1996, and was then progressively absorbed by IBM, country by country, this process being achieved in 1999. 1994. Transarc (Transarc Corporation bought by IBM in 1994, became part of IBM proper in 1999 as the IBM Pittsburgh Lab) 1995.
How much is IBM worth?
Originally founded as the Computing-Tabulating-Recording Company way back in 1911, it adopted its current name in 1924, and in 2018 it still ranked in the top 20 on Forbes’ list of the world’s most valuable brands, with a value of $32.1 billion.
What company did IBM buy?
IBM also recently made a deal to acquire open-source software company Red Hat for $34 billion, and Rometty announced the company would open its Watson artificial intelligence service to all cloud platforms, including rival platforms.
Who is the chief executive of IBM?
As the Fed adjusts monetary policy based on economic growth, some investors have been wary about how it might affect market prospects, IBM chief executive officer Ginni Rometty said last month on CNBC’s “Squawk on the Street.”.
Is IBM underperforming the S&P 500?
IBM actually under-performed the S&P 500. Its total return since 2009 was just slightly above 102 percent. In the same 10-year time frame, the S&P was up more than 270 percent. Any individual stock can over- or under-perform, and past returns do not predict future results. The company has been on an upswing in 2019: It started ...