Tencent close to taking gaming firm Leyou private in $1.3b deal

Tencent close to taking gaming firm Leyou private in $1.3b deal

Photo: REUTERS/Jason Lee/File Photo

Tencent Holdings Ltd. is close to taking Leyou Technologies Holdings Ltd. private in a deal that would value the Chinese gaming firm at about $1.3 billion, according to people familiar with the matter.