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Tencent to take top stake in Japanese game maker Marvelous

$45m investment forms part of Chinese company's overseas expansion push

A game distributed by Tencent: The Chinese company is the world's biggest video game publisher by revenue. (Photo by Yusuke Hinata)

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.

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