# Tencent Holdings (TCEHY) Eyes Nexon Acquisition: Strategic Gaming Expansion & Strong Analyst Outlook
Explore the latest developments at Tencent Holdings (TCEHY) as the tech giant reportedly sets its sights on acquiring Nexon, the South Korean gaming powerhouse behind MapleStory. With a current share price of $63.86 and a market cap approaching $580 billion, Tencent continues to demonstrate its commitment to dominating the global gaming landscape. This episode breaks down Tencent's strategic moves in the gaming industry, impressive financial performance with $93.8B in revenue, and why analysts maintain a bullish stance with a consensus price target of $90 (41% upside potential). We'll also examine the growing influence of Tencent's ecosystem beyond gaming, including WeChat Pay's remarkable growth in Hong Kong, ahead of their upcoming August earnings report.
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