GUANGZHOU -- Tencent Holdings will invest 4.9 billion yen ($45 million) in Japanese game maker Marvelous and become its top shareholder, as the Chinese internet services giant presses ahead with a global expansion drive.
Tencent will acquire a roughly 20% stake, the Japanese company said Monday, by purchasing existing shares as well as new shares from Marvelous. The purchase will take place in June through Tencent subsidiary Image Frame Investment.
