Digital group Sea's entertainment unit, Garena, has inked a binding letter of intent with an affiliate of Tencent Holdings, under which Tencent will grant Garena a right of first refusal to publish Tencent's mobile and PC games in Indonesia, Taiwan, Thailand, the Philippines, Malaysia and Singapore.
The five-year arrangement builds on a long-standing strategic partnership between Tencent and Garena, which already publishes a number of the most successful games from Tencent's portfolio in its core markets. These include Arena of Valor and League of Legends.
The two companies intend to work closely together to identify strategic opportunities to distribute and promote top titles from Tencent's portfolio in the relevant markets.
Source: The Business Times