The Tencent Holdings Ltd.-backed firm, which cut its offering by more than 1 trillion won ($870 million) ... Tencent-Backed Krafton Tumbles After $3.8 Billion IPO. 1 / 5.

Krafton – 13.9 percent . Yes, Tencent owns a piece of both Fortnite and PUBG, the two founding father battle royales. What's even more amusing is that Tencent also has rights to publish both ...

Today, Tencent replaced hugely popular battle royale shooter game PUBG with a more government-friendly alternative that seems primed to pull in significant revenue.

SEOUL/HONG KONG (Reuters) -Shares in Krafton Inc, the Tencent Holdings-backed South Korean company behind blockbuster video game "PlayerUnknown's Battlegrounds" (PUBG), fell as much as 20% on ...

Tencent’s gaming business earnings fell around 20 per cent to 10.6 billion yuan, which the company attributed to disappointing revenue from titles including PUBG Mobile, despite signs of considerable ...

Krafton Inc. set the price for its initial public offering at the top of a revised range, on track to make the second-largest debut on record in Seoul. The Tencent Holdings Ltd.-backed game ...

The Tencent-backed company has cut back its IPO on the Korea stock exchange by 23% to the equivalent of $3.8 billion, according to filings Thursday. Krafton reduced both the price and the number ...

The company’s only two hit games are Honor of Kings, a League of Legends mobile copycat, and PUBG Mobile, a mobile version of Krafton’s PUBG. Tencent’s other global asset, Supercell, was ...

Krafton, the company behind PUBG Mobile and PC has applied for an IPO according the Korea Exchange. Interestingly, China’s Tencent is its second largest shareholder which could pose problems for ...

Krafton has made many significant business decisions — including cutting ties with Tencent as publisher and switching to Microsoft’s Azure for servers in India — to address New Delhi’s ...