- TikTok and Douyin parent ByteDance’s gaming unit Nuverse has acquired C4games to intensify the video game business competition with Tencent Holdings Ltd TCEHY, Reuters reports.
- The financial terms of the transaction were not disclosed.
- Nuverse agreed to acquire Shanghai’s gaming studio Moonton Technology in March.
- Price action: TCEHY shares traded higher by 0.68% at $80.48 in the premarket session on the last check Wednesday.
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