MUMBAI: A new report claims that the Chinese giant Tencent Games is about to acquire Xiaomi’s BlackShark Gaming division in a deal worth approximately CNY 3 billion (a little over $470 million).
Tencent Games is the world’s largest gaming company with hits like PUBG: Mobile and Arena of Valor.
According to GSMArena, details surrounding the acquisition are scarce and an official statement on the matter is still missing.
The new deal with Black Shark will focus on cooperation in the field of gaming phones with the end goal of giving users an improved mobile gaming experience.
Earlier smartphone makers like ASUS partnered with Tencent Games to bring their ROG Phone II and also the Tencent customized Elite version in China.
Xiaomi-backed Black Shark earlier launched two new gaming smartphones Black Shark 4 and Black Shark 4 PRO.
