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Tencent Holdings Ltd (0700.HK)

0700.HK on Hong Kong Stock

185.20HKD
22 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Tencent merges with China Music Corp to develop digital music
Friday, 15 Jul 2016 01:46am EDT 

Tencent <0700.HK> says: Company agreed on merger with China Music Corp to develop digital music business in China . Tencent will hold majority stake in new company formed as part of merger (Reporting by Beijing Monitoring Desk) ((Judy.Hua@thomsonreuters.com;)).  Full Article

Tencent holdings has agreed to acquire controlling stake China Music- WSJ,citing sources
Thursday, 14 Jul 2016 01:01am EDT 

: Tencent Holdings Ltd has agreed to acquire controlling stake China Music Corp in a deal that values the firm at $2.7 Billion- WSJ,citing sources . Tencent will boost its stake in China Music to about 60 pct from 16 pct - WSJ,citing sources . Tencent plans to combine the team operating QQ Music With CMC- WSJ,Citing Sources . CMC's U.S. IPO has now been put on hold- WSJ, citing sources .Tencent's combined company of QQ Music, CMC will be valued at about $6 bln after deal, will operate as subsidiary of tencent- WSJ,citing sources.  Full Article

Tencent Holdings reports 5.023 pct passive stake in Activision Blizzard
Thursday, 23 Jun 2016 06:23am EDT 

Activision Blizzard Inc :Tencent Holdings Limited reports 5.023 pct passive stake in Activision Blizzard Inc as of June 13, 2016 - sec filing.  Full Article

SoftBank Group units to sell entire 72.2 percent stake in Supercell Oy to Tencent for $7.3 bln
Tuesday, 21 Jun 2016 06:16am EDT 

SoftBank Group Corp <9984.T>: Says its subsidiaries, Kahon 3 Oy and SoftBank Group Capital Limited entered into a definitive agreement with Tencent Holdings Limited <0700.HK>(Tencent) to sell all of their 72.2 percent stake in Supercell Oy to Tencent for $7.3 billion .Say Supercell Oy is engaged in production and distribution of mobile game applications, based in Finland.  Full Article

Tencent to buy majority stake in Supercell from SoftBank
Tuesday, 21 Jun 2016 06:09am EDT 

Softbank Group Corp <9984.T> : Consortium established by tencent will acquire up to 84% of supercell in transaction valuing co at equity value of about $10.2 billion . Following transaction, supercell will be owned by consortium and by supercell's employees . Softbank will no longer own any shares in supercell following closing . Supercell will retain its independent operations, headquarters will remain in helsinki . Following closing, tencent currently expects to maintain a voting interest of 50% in consortium . Tencent and supercell have entered into marketing and publishing arrangements regarding distribution of games developed by supercell in china . Says morgan stanley & co. International plc served as financial advisor to supercell . Says fenwick & west llp and white & case llp as legal advisors to supercell . Says BofA Merrill lynch served as financial advisor to tencent .Tencent to acquire majority stake in supercell from softbank.  Full Article

Softbank to sell Supercell stake at USD 10.2 billion valuation
Tuesday, 21 Jun 2016 06:09am EDT 

Softbank Group Corp <9984.T> : Softbank to sell Supercell stake at USD 10.2 billion valuation . Says Tencent is anticipated to syndicate its interests in buyer . SBG's 2 units will get dividend of about $0.4 billion (approximately JPY 43 billion) from Supercell prior to closing of transaction . SBG currently expects to record around JPY 600 billion of pre-tax gain under discontinued operations for FY ending March 31, 2017 . Net income/loss of Supercell for fiscal year ended March 31, 2016 will also be revised retroactively . SBG's 2 units will divest entire 72.2% stake in Supercell to buyer for aggregate cash consideration of approximately USD 7.3 billion . Upon transfer of shares, Supercell will no longer be a subsidiary of SBG . Net income/loss of Supercell for FY ended March 31, 2016 will also be revised retroactively, to appear under discontinued operations . Expects to record around JPY 600 billion of pre-tax gain under discontinued operations on statements of income for FY ending March 31, 2017 . Proceeds from sale to be realized in 3 payments; 1st payment expected in Aug 5, 2016, 2nd payment Nov 3, 2016, 3rd payment Aug 5, 2019 .SBG's two subsidiaries are expected to receive a dividend payment prior to date on which Supercell shares are transferred.  Full Article

Tencent Holdings to acquire majority stake in Supercell<0700.HK><9984.T>
Tuesday, 21 Jun 2016 05:55am EDT 

Tencent Holdings Ltd <0700.HK>: Discloseable transaction relating to Tencent's participation in a consortium acquisition of a majority interest in Supercell OY <0700.HK> . Board is pleased to announce that on 21 June 2016, consortium agreed to acquire a majority equity interest in Supercell . The aggregate consideration, payable in three installments, is currently expected to be approximately US$8.6 billion . Company and supercell have entered into certain marketing and co-operation arrangements regarding the distribution in the PRC of games . "Supercell's current management will maintain their operational Independence and supercell will continue to be based in Finland" . Company, consortium, buyer and supercell have also entered into a shareholders' agreement with supercell employee shareholders . Upon potential co-investors joining consortium, the company currently expects to maintain a 50% voting interest in the consortium . Company expects that no potential co-investors will acquire control over the consortium . Purchase price payable expected to be funded by buyer with an investment by company through consortium of about US$3 billion to US$4 billion . Buyer will acquire from sellers their supercell vested securities representing in total up to approximately 84.3% of supercell's securities .  Full Article

China's Postal Savings Bank plans to file IPO in next two weeks- WSJ
Thursday, 16 Jun 2016 07:16am EDT 

: China's Postal Savings Bank planning to file IPO with Hong Kong Stock Exchange in next two weeks -WSJ, citing sources Source (http://on.wsj.com/1W0R9MI) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Tencent to buy majority stake in Supercell from Softbank - Source
Wednesday, 15 Jun 2016 02:12pm EDT 

: Tencent Holdings Ltd to buy majority stake in Supercell from Softbank in a deal worth more than $9 billion - source familiar with matter Further company coverage: [0700.HK] [9984.T] ((Bengaluru Newsroom; +1 646 223 8780;)).  Full Article

Hotto Link announces business alliance with Chinese firm Tencent to develop WeChat Pay in Japan
Monday, 6 Jun 2016 10:51pm EDT 

Hotto Link Inc <3680.T>: Says the company signed a MOU with Tencent Holdings Ltd <0700.HK> to develop WeChat Pay in Japan . Say WeChat Pay is one of the most popular settlement service via smartphone in China . Says the company will cooperate with Tencent's Japan-based partner company, Merchant Support, for the further promotion and operation of WeChat Pay in Japan . Says Merchant Support is the unit of Hi Sun Technology China Ltd <0818.HK> .Says business starts from June 7.  Full Article

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Tencent in deal with China's leading music streaming firm to combine music services

HONG KONG Chinese internet giant Tencent Holdings Ltd will take a majority stake in a new venture with leading music-streaming company China Music Corporation that combines their digital music businesses. Financial terms were not disclosed but a person with knowledge of the matter said the new company would be valued at about $6 billion. The person declined to be identified as the information has not been made public.