Just a week after leading Internet company Tencent (HKEx: 700) announced a strategic tie-up with top US game developer Activision Blizzard (Nasdaq: ATVI), we’re hearing that this pairing could become a true marriage as Activision’s debt-heavy parent looks to sell the company. After several previous M&A attempts by Tencent that didn’t look too smart to me, I can honestly say that this latest pursuit would be one that I like, and I’ll explain my reasons in a moment.
For the latest news on U.S.- and Hong Kong-traded Chinese stocks, visit our new Bamboo Works site.
