THE MOTLEY FOOL - Tencent would be acquiring Black Shark. Started in 2017 and funded by Xiaomi, Black Shark currently makes gaming-oriented mobile phones and accessories. However, according to a report, Black Shark will be changing its business model to invest in AR/VR headsets after Tencent buys them. According to sources, Tencent pays between $410M to $425M.
by Billy Duberstein
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