Chinese internet company Tencent – of which Naspers owns 34 percent – has bought 14.6 percent of US mobile game developer Glu Mobile for R1.5 billion.
Glu Mobile reported a R25 million profit in the first quarter of 2015.
About 71 percent of Glu Mobile’s revenue originates in North America with just 14 percent coming from Asia.
This deal, arguably, makes Tencent the largest gaming company on Earth.
Glu Mobile is famous for its hit game entitled "Kim Kardashian: Hollywood”.
Listen to the audio (scroll down) for more detail and our interview of Craig Wilson, Managing Editor at Stuff Magazine.
This won’t do the Naspers share price any harm!— Craig Wilson, Managing Editor at Stuff Magazine
This article first appeared on 702 : Naspers owned Tencent buys stake in Kim Kardashian game developer Glu Mobile