Davis Polk advised Tencent Holdings Limited in connection with its acquisition of a controlling stake in a new holding company of Miniclip Group SA. The financial terms of the transaction have not been disclosed.

Based in Shenzhen, Tencent is a leading integrated Internet services company in China, mainly providing social networks, online games, online media and advertising services. Miniclip develops, publishes and distributes highly engaging games (such as 8 Ball Pool, Soccer Stars, Plague Inc., RuneScape and Wartune) to a world-wide audience across mobile, social and online platforms which includes the website Miniclip.net. It has a successful track record as a leading digital gaming company and distributor since 2001.

The Davis Polk corporate team included partners Will Pearce and Kirtee Kapoor, counsel Joanna A. Valentine and associates William Tong, Aaron Justin Epstein and Stephanie Lai. Partner Jonathan Cooklin and associate Dominic Foulkes provided tax advice. Partner Paul Chow and associate Vanessa Chan provided Hong Kong law advice. Members of the Davis Polk team are based in the London, Menlo Park, New York and Hong Kong offices.