{"id":18878,"date":"2021-08-22T05:00:14","date_gmt":"2021-08-22T05:00:14","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=18878"},"modified":"2021-08-22T05:00:14","modified_gmt":"2021-08-22T05:00:14","slug":"why-tencent-spent-us1-3-billion-to-buy-video-gaming-firm-leyou-but-left-it-to-languish-2","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=18878","title":{"rendered":"Why Tencent spent US$1.3 billion to buy video gaming firm Leyou, but left it to languish"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostWhen Tencent Holdings beat the likes of Sony to buy Hong Kong-listed video games company Leyou Technologies last year, the acquisition was expected to further boost the internet giant\u2019s vast gaming empire.Tencent, which runs the world\u2019s largest video gaming business by revenue and Chinese super app WeChat, completed its US$1.3 billion takeover of Leyou in December, which included Canadian subsidiary Digital Extremes \u2013 developer of hit online action game Warframe \u2013 and a deal with Amazon.com to\u2026<a href=\"https:\/\/www.scmp.com\/tech\/policy\/article\/3145836\/why-tencent-spent-us13-billion-buy-video-gaming-firm-leyou-left-it?utm_source=rss_feed\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostWhen Tencent Holdings beat the likes of Sony to buy Hong Kong-listed video games company Leyou Technologies last year, the acquisition was expected to&hellip; <\/p>\n","protected":false},"author":0,"featured_media":18879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/18878"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18878"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/18878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/18879"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18878"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}