Tencent To Acquire Gaming Portal 17173.Com For $1B

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Chinese Internet giant Tencent Holdings Limited plans to acquire Chinese online gaming portal 17173.com from NASDAQ-listed online game operator Changyou.com Limited for US$1 billion, according to unverified Chinese media reports.

Upon completion of the transaction, Games.qq.com, the online gaming media of Tencent’s official website, will merge with 17173.com and integrate the latter’s human resources to Tencent’s own platform.

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