Sentences with phrase «tencent shares it bought»

It's the first time Naspers has sold any of the Tencent shares it bought 17 years ago, in a deal that worked out extraordinarily well for the firm.

Not exact matches

Meituan - Dianping, one of China's highest - funded startups offering services from food delivery to hotel bookings, announced it was buying Tencent - backed Mobike for approximately US$ 3.4 billion, the largest bike - sharing deal to date.

Ontario Teachers» has agreed to acquire 3.8 million shares in the company, which produces games including Assassin's Creed and Tom Clancy's Rainbow Six, while Chinese internet giant Tencent is to buy 5.6 million shares.

Tencent Music Entertainment (TME), the Chinese firm's subsidiary that manages its music streaming and karaoke services, will make an undisclosed minority investment in Spotify through new shares, while Spotify will buy a similar undisclosed stake in TME.

The remaining bidders in the group are SoftBank, Dragoneer Investment Group, TPG, Tencent Holdings Ltd. and Sequoia Capital, which are looking to buy at least 13.4 percent of outstanding shares, said two people.

The transaction includes an investment by two new long - term investors, the Relationship Investing arm of Ontario Teachers» Public Equities division, and Tencent, a share buy - back by Ubisoft, an acquisition of shares by Guillemot Brothers SE and an Accelerated Bookbuilding with institutional investors.

Spotify announced the equity investments on Friday, under which Tencent will buy secondary shares from Spotify's existing investors while Spotify will also acquire minority stakes in Tencent Music Entertainment (TME).