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Tencent shifts focus to majority deals, overseas gaming assets for growth
HONG KONG, Oct 1 (Reuters) – Tencent is resetting its M&A strategy to put more focus on buying majority stakes mainly in overseas gaming companies, as the tech giant eyes global expansion to offset slowing growth at home in China, people with direct knowledge of the matter said. Tencent Holding Ltd (0700.HK) has for years invested in hundreds of up-and-coming businesses, mainly in the onshore market. It has typically acquired minority stakes and stayed invested as a passive financial investor. However, it is now aggressively seeking to own majority or even controlling stakes in overseas targets, notably in gaming assets in Europe, the four people with direct knowledge of the…
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Brownie’s Marine Group Completes Acquisition of Assets of Gold Coast Scuba, LLC.
Brownie’s Marine Group, Inc. Pompano Beach, Florida, May 03, 2022 (GLOBE NEWSWIRE) — Brownie’s Marine Group, Inc. (OTCQB: BWMG), (“BWMG” or the “Company”), a leading developer, manufacturer and distributor of tankless dive equipment and high-pressure air and industrial compressors in the marine industry, today announced that its new subsidiary, Live Blue, Inc., (“Live Blue”) has completed the acquisition of the assets of Gold Coast Scuba, LLC, (“Gold Coast Scuba”) a dive shop and scuba diving training center operating in Lauderdale-by-the-Sea, Florida. Live Blue will be initially focused on a creating a pilot program for guided tours, rental, and coaching provided with the Company’s innovative line of products from BLU3. Gold…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/GTZO5KCQ3ZJV5CXZVREE3A7SUY.jpg "Tencent shifts focus to majority deals, overseas gaming assets for growth")
