The bidding war for Leyou Technologies continues with Tencent said to be the latest potential suitor. Bloomberg reports that the Chinese giant is currently in talks to acquire Leyou, citing anonymous sources close to the matter.
The news follows reports that Sony Corporation was also in discussions with Leyou. Other interested parties have included mobile publisher iDreamSky — which Tencent has invested in — and Leyou rival Zhejiang Century Huatong Group.
Tencent is said to still be considering the structure of its offer, which could involve teaming up with iDreamSky and Zhejiang Century Huatong.
Reports of a sale have been emerging since Leyou’s controlling shareholders Charles Yuk began talks with iDreamSky about selling a majority stake.
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