Tencent Gets Initially Video Game License In 15 Months Pingwest
The acquisition would have been Tencent’s 1st in a hardware maker and would have overseen Black Shark’s transition into a manufacturer of VR headsets to assistance Tencent’s plans for its metaverse business enterprise in the future. Reports initially suggested that Black Shark would be acquired for RMB 2.7 billion (US$420 million), although Tencent walked away from the deal due to regulatory scrutiny of metaverse businesses in China. On 23 October 2014, Tencent pitched in $145 million for a ten %…