Tencent abandoned the acquisition of Black Shark technology
Oct 10, 2022| Tencent abandoned the acquisition of Black Shark technology
According to media reports, Tencent has dropped its bid for Black Shark Technology because it did not get approval from authorities, according to people familiar with the matter. After the news broke, some media asked Luo Yuzhou, CEO of Black Shark Technology, about the acquisition progress between Tencent and Black Shark. Luo Yuzhou's response was "nothing", which confirmed the authenticity of this rumor. At the same time, Luo also said that at present, Black Shark technology still has financing and acquisition related plans, and is actively looking for. Luo also denied the rumor that Black Shark is moving into areas like AR and VR, saying that the company is still focused on mobile gaming.
