Tencent Investment in DST Shows International Confluence of Social Games, Social Networks, and Virtual Goods
Digital Sky Technologies, the investor/holding company that made big late-stage investments in social gaming leader Zynga and social service Facebook last year, announced that it has an investor of its own now. China-based online gaming and media giant Tencent has put in around $300 million, in exchange for a 10.26% ownership stake, 0.51% voting power and the right to nominate a board observer.
Tencent has been considering a variety of ways to expand, from buying AOL’s ICQ chat service to buying social gaming company CrowdStar.
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