Chinese internet company Tencent Holdings plans to purchase a 10 percent stake in South Korean game developer Bluehole Inc for more than $500 million, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
After the deal, Bluehole could be valued at more than $5 billion, the people said.
Bluehole owns PUBG Corp, which develops and publishes multiplayer online battle game PlayerUnknown's Battlegrounds.
In 2017, more than 30 million copies of the game were sold on personal computers, according to SteamSpy, which provides sales-estimate services.
