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The Wall Street Journal: Tencent acquires piece of Skydance, the Hollywood company behind ‘Terminator’

Chinese internet giant Tencent Holdings is buying a piece of Skydance Media, the Hollywood company behind “Terminator.”

Tencent 0700, +2.57% has sealed a deal giving it a little less than 10% of Skydance, on terms that value the production company at approximately $1.5 billion, said a person with knowledge of the agreement. This person didn’t disclose the exact dollar amount of the investment. As part of the arrangement, Tencent and Skydance will co-finance movies, TV shows and videogame projects while lending their expertise to each other in their respective countries, the two companies said in a statement.

Eight-year-old Skydance at first primarily invested in movies made by its Hollywood studio partner, Viacom Inc.

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