Tencent acquires stake in Bluehole, secures strategic partnership for global expansion
Aug 10, 2018
Bluehole, the South Korean game company behind the hit survival shooter game “PlayerUnknown’s Battlegrounds,” said Friday that it had entered a strategic partnership with China’s Tencent Holdings to strengthen its footing in the global game market.Bluehole also said that Tencent had purchased a stake in Bluehole from Bluehole’s founding chairman, Chang Byung-gyu, as well as other early investors, confirming previous news reports that a deal was underway.Bluehole did not disclose the exact size o