Chinese tech giant Tencent is in exclusive talks to acquire Leyou Technologies, the Hong Kong-listed games developer announced on Friday.
Leyou has a number of subsidiaries which make video games. It is most well-known for "Warframe," a title created by subsidiary Digital Extremes.
It has also announced plans to bring out a game based around "The Lord of the Rings" franchise and is co-developing the upcoming title withLeyou and its controlling shareholder, Charles Yuk, have entered into an exclusivity agreement with Tencent Mobility Limited, a Tencent subsidiary, Leyou said. Tencent Mobility is looking to buy Leyou and take it private.
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