A person in the know revealed that Tencent Holdings Ltd. (SEHK:700) will spend $1 billion in acquiring Kylie Enterprises Limited (17173.com), consolidating mutual game service from Changyou.com Limited (NasdaqGS:CYOU). Tencent Holdings is eyeing performance and brand influence of 17173.com, pointed out above source without unveiling detailed information. Upon completion, Games.qq.com, the online gaming media of Tencent's official website, will merge with 17173.com and integrate 17173.com's human resources to Tencent's own platform.