Tencent plans to spend 126 million US dollars to buy 14.6% of Glu’s shares, according to Reuters.
Tencent will pay $6 per share for its stake in Glu Mobile and buy the shares in two tranches: 12.5 million shares on Wednesday followed by a further 8.5 million some time in the second quarter.
Glu Mobile made a profit of $2.1m in Q1, and its “Kim Kardashian: Hollywood” is very hot in the west.
The game’s Chinese imitator “Fan Bingbing’s magical school” (范冰冰魔范学院) was just released on April 2nd by Momo, a social app famous for hook up sex, a strong competitor of Tencent’s WeChat.
Kim Kardashian’s full body can be seen on Chinese news sites almost every day, so maybe Tencent wants to introduce “Kim Kardashian: Hollywood” into China.