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Exclusive: China's Bilibili in talks to buy Yoozoo Games' stake in $765 million deal - sources


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HONG KONG (Reuters) - China’s Bilibili is in talks to buy a 24% stake in Yoozoo Games as part of a nearly 5 billion yuan ($765 million) deal, two people said, as the online video site aims to tap its legion of young users to grow in the world’s top gaming market.
The move comes after Bilibili, which is backed by Chinese technology giants Tencent Holdings and Alibaba Group Holding, raised about $2.6 billion in a secondary listing in Hong Kong last month.
It also comes as Yoozoo, the video game company that is also known as Youzu Interactive, is facing management challenges after its chairman died under suspicious circumstances in December. ....

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