A pedestrian walks past Tencent Holdings’s headquarters in Shenzhen, China.
Qilai Shen | Bloomberg | Getty Images
Chinese tech giant Tencent is in exclusive talks to acquire Leyou Technologies, the Hong Kong-listed games developer announced on Friday.
Leyou has a number of subsidiaries which make video games. It is most well-known for “Warframe,” a title created by subsidiary Digital Extremes.
It has also announced plans to bring out a game based around “The Lord of the Rings” franchise and is co-developing the upcoming title with Amazon’s gaming division.
Leyou and its controlling shareholder, Charles Yuk, have entered into an exclusivity