Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Rumor: Tencent Acquires Comsenz

Time Weekly, 6/17/10

An internet industry insider has revealed that Chinese internet company Tencent (0700.HK) is preparing to acquire Comsenz, a Chinese online community solutions provider. The source said that the two companies have already reached an agreement under which Tencent will acquire Comsenz in a cash-and-stock deal. The source estimated the value of the deal in the tens of millions of USD, but declined to give a more specific figure.

Rumors that Tencent would invest in Comsenz began more than half a month ago. The earlier rumors said that Tencent had already made a strategic investment of around USD 10 mln to buy all of Google's shares in Comsenz, and that Tencent might make further investments in the future.

Comsenz VP Li Mingshun did not respond to the rumor. A Tencent PR employee surnamed Liu similarly refused to respond, saying that the matter was "outside the jurisdiction of the PR department," and recommending that the reporter contact Tencent's Investor Relations division.

Comsenz is a Beijing-based supplier of social platforms and services. Its most widely used product is Discuz.

Editor's Note: A Techweb report quotes Comsenz VP Li Mingshun denying the rumor. For more background on this topic, please see "Rumor: Tencent Invests in Comsenz" MD 5/26/10 issue.

Keywords: Li Mingshun Internet Comsenz online community Tencent 0700.HK M&A

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

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 Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports