tencent buy
Tencent buys the game company behind 'Clash of Clans'
The deal will give Tencent two of the best-selling video games in the world as it bought out League of Legends producer Riot Games last year. That title is the top-selling PC game in the world with 1.63 billion in revenue last year. Those games make a large chunk of revenue via controversial in-app purchases, rather than regular sales. The company also owns stakes in Activision Blizzard, the maker of World of Warcraft, and Gears of War developer Epic Games. Japan's Softbank is carrying over 80 billion in debt thanks in part to its 22 billion purchase of US carrier Sprint, which has been losing money for years.