Tencent to invest $126m into Glu Mobile

Latest report of Kim Kardashian on Tencent's portal website

Latest report of Kim Kardashian on Tencent’s portal website

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.

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