Rumor: Tencent to Buy Out SNS Game Happy Farm

Sohu IT, 10/12/09

An industry source has revealed that Chinese internet value-added services provider Tencent (0700.HK) has reached an agreement with SNS game developer Five Minutes to acquire its popular SNS game "Happy Farm" for a one-time payment rumored to be in the millions of Chinese yuan.

When asked about the deal with Tencent, Five Minutes declined to discuss specifics, but said "if you want to understand it as a one-time purchase, that's fine." Tencent has not yet commented on the matter.

The majority of revenues from "Happy Farm" currently come from Tencent's platform and Facebook. Licensing revenues from other SNS sites, including Oak Pacific's Renren.com and Kaixin.com, amount to less than 20% of total revenues for the game.

Keywords: online gaming Internet Tencent SNS Five Minutes Happy Farm 0700.HK IVAS

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily