Tim Culpan, Columnist

Tencent Doesn't Want Angry Investors

A $3 billion price tag looks expensive for a one-hit wonder.
Photographer: John Lamparski/Getty
Lock
This article is for subscribers only.

Tencent Holdings Ltd. might want to tighten the purse strings a little.

More than $19 billion in deals over the past year have added some pretty cool names to its lineup, the marquee acquisition being control of Supercell Oy, the Finnish studio behind the Clash of Clans games franchise.