The leading online Chinese literature and IP incubation platform will acquire Tencent’s APP platform, intellectual property rights, and related rights to its content (animation, film and TV series projects) in a deal worth more than US$83 million.
China Literature Buys Tencent Animation and Comics publishersweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publishersweekly.com Daily Mail and Mail on Sunday newspapers.
China Literature, the country’s largest online publishing and e-book company and a spinoff of Tencent Holdings, agreed to buy the animation and comics business from its controlling shareholder Tencent for RMB 600 million ($83.9 million), reports Caixin. Tencent Animation and Comics has been making a loss for the past two years, losing RMB 190 million…
By Jiahui Huang China Literature's shares rose sharply Tuesday on news of a share buyback and plans to acquire Tencent's animation and comics unit, a deal it.