Chinese online video site Bilibili in talks to buy into Yoozoo Games

HONG KONG (Reuters) – Chinese online video site Bilibili is in talks to buy a 24% stake and the headquarters building of Yoozoo Games as part of a deal worth nearly 5 billion yuan ($765 million), two people said, as it seeks to expand in the world’s top gaming market. A Bilibili spokeswoman denied it was seeking a deal with Yoozoo. Shanghai-headquartered Yoozoo, which is the developer of the popular ‘Game of Thrones: Winter Is Coming’ game, did not reply to a request for comment. A 24% stake in Yoozoo is worth about $475 million based on the Shenzhen-listed company’s market capitalisation of $1.98 billion on Wednesday. Bilibili, which last week invested HK$960 million ($123 million) for a 4.72% stake in online game developer X.D.

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