July 5, 2022

The Queens County Citizen

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Tencent acquires Xiaomi’s BlackShark gaming division for $ 470 million

Tencent acquires Xiaomi's BlackShark gaming division for $ 470 million

Chinese giant Tencent Games is set to buy Xiaomi’s BlackShark gaming division in a deal worth nearly CNY 3 billion, according to a new report. That’s a little over $ 470 million.

The details of the purchase are minimal and there is no official statement on the matter yet. If that happens, Tencent will finally enter the gaming smartphone segment with its own hardware offering.

Previously, Tencent had partnered with various smartphone manufacturers, including Asus for its ROG phone and Nubia for the Red Magic series. With BlackShark, the company can expand its business overseas, with Xiaomi’s division already entering large markets.

All news on the site does not express the site’s perspective, but we transmit this news automatically and translate using the site’s programmatic technology and not from a human editor.

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