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A Kiwi video game company founded in a New Lynn garage has sold up 80 per cent of its shares to a Chinese giant worth more than $800 billion. Chinese internet colossus Tencent Holdings has bought a controlling stake in West Auckland's Grinding Gear Games, which developed Path of Exile.
Grinding Gear Games managing director Chris Wilson said the deal meant the company could expand and hire more people for its Auckland-based studio.The Chinese online games company, the world's largest worth US$580 billion ($840b), acquired 80 per cent of the company for an undisclosed amount.
Palace of the Alhambra, Spain
By: Charles Nathaniel Worsley (1862-1923)
From the collection of Sir Heaton Rhodes
Oil on canvas - 118cm x 162cm
Valued $12,000 - $18,000
Offers invited over $9,000
Contact: Henry Newrick – (+64 ) 27 471 2242
Mount Egmont with Lake
By: John Philemon Backhouse (1845-1908)
Oil on Sea Shell - 13cm x 14cm
Valued $2,000-$3,000
Offers invited over $1,500
Contact: Henry Newrick – (+64 ) 27 471 2242
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