Update Leyou Technologies, which had been suspended from trading on the Hong Kong Stock Exchange, has announced that it has signed an exclusive agreement with Tencent for the acquisition and privatization of the company.

Original Article Leyou Technologies, the holding company that owns Digital Extremes, developer of Warframe, and Splash Damage, developer of Gears Tactics, has announced that prior to the announcement regarding the acquisition, trading of its shares on the Hong Kong Stock Exchange suspended trading of its shares on the Hong Kong Stock Exchange prior to the announcement of the acquisition.

Although the notice (Cheers, ResetEra) does not contain specifics, Leyou has been considering a sale for the past year, and iDreamsky and Sony have expressed interest in adding the company to their holdings.

Bloomberg reports that Tencent has also joined the gang and signed an agreement with the holding company, but this does not guarantee that a deal will be reached.

However, the fact that trading has been halted and is "pending announcement" suggests that news of an acquisition is likely imminent. Trading was halted this morning, but it is unclear when an announcement will actually be made. [It has large stakes in and fully owns Epic, Supercell, Fatshark, Funcom, Grinding Gear Games, Paradox Interactive, and Riot, among others. It has also invested in Bluehole, Ubisoft, Activison, and Frontier in PUBG.