Deals
Tencent to Invest $126 Million in Kim Kardashian Game Developer
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Tencent Holdings Ltd. will invest $126 million in Glu Mobile Inc. to tap the U.S. company’s success producing smartphone games featuring Kim Kardashian and Katy Perry.
Tencent will buy 21 million shares at $6 apiece to own about 14.6 percent of San Francisco-based Glu Mobile, the companies said in a joint statement. Glu closed at $5.40 in Nasdaq trading Wednesday.