China’s Tencent is extending its reach into the video game industry with the announcement of a plan to create original game properties with Square Enix, the Japanese maker of publisher of the Final Fantasy and Tomb Raider series.
Tencent Holdings and Square Enix said they have signed a letter of intent for a strategic alliance. The companies could create a joint venture company that will create triple-A games based on new intellectual properties or licensing existing franchises.
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