On March 5, Tencent surged 3.15% as it was believed to be expected to acquire South Korean game giant Nexon.

Today, Tencent opened low and walked high. As of press time, it rose by about 3.5%, and the contribution index reached 100 points.

As of press time, Tencent reported HK $358.8, with a turnover of HK $8 billion.

Since its October low of HK $251.4, Tencent has risen more than 40% to a seven-month high:

As early as January 24 this year, Futu Information conducted a related report on this big deal in the game industry:

Big business in the game world, it is said that Tencent and Hillhouse are considering bidding for the game company Nexon.

Tencent has been shortlisted for the acquisition of South Korean game company Nexon, South Korea's Economic Daily reported. The deal, which could be worth up to $13.3 billion (89.2 billion yuan), will be formally tendered as early as early April. If true, it would be the highest acquisition in the history of the global gaming industry.

It is understood that Tencent and Kakao, South Korea's largest chat software operator, have been shortlisted for the acquisition of South Korean game company Nexon. The other three finalists are MBK Partners, Bain Capital and an unknown private equity firm.

It is reported that Nexon is a computer game company founded in South Korea in December 1994 and listed on the Tokyo Stock Exchange of Japan. Nexon, once headquartered in Seoul, moved its operating headquarters to Tokyo as a holding company in December 2011, and actual control transferred to NXC on Jeju Island. He is good at developing leisure online games. At present, his main works are Bubble Hall, Crazy Racing Kart Rider, Bubble Warrior, Tianyi chain, Divine Field, Adventure Island, Machi, Moonlight Blade, Dungeon & Fighter and other classics.

And Nexon games are also very popular in China, one popular one. Among them, one of the most profitable games is called Dungeon & Fighter. In December 2007, Tencent announced that he had signed the agency of "Dungeon & Fighter", and Ma Huateng was also present at the signing conference at that time. The game has become Nexon's biggest cash cow in the Chinese market, with more than 5 million people online in 2016 and is still contributing huge revenue to Nexon. With revenue totaling 4.54 billion yuan in the first quarter of 2017, "Dungeon & Fighter" contributed 2.74 billion yuan in China alone. Today, "Dungeon & Fighter" still earns $1.5 billion a year, making it the third largest profitable PC game in the world. According to SuperData, among the highest-paid games in 2018, Nexon's "Dungeon & Fighter" ranked third with $1.5 billion, second only to "Fortnite" and "Arena of Valor".

Professionals believe that Tencent is strong in the shortlist and is expected to acquire Nexon.

It is worth mentioning that Tencent will disclose the annual report on March 21.

Nomura Securities recently reported that it maintained Tencent's "buy" investment rating and target price of HK $400, while Goldman Sachs Group reiterated its "buy" rating by raising its target price to HK $418 at the end of February.