ZHANG YUSHUO (Yicai Global) July 13 — Chinese tech titan Tencent Holdings is in talks with and has signed a framework agreement to buy out and take gaming firm Leyou Technologies Holdings private, Leyou announced. Its shares rose 3.11 percent to HKD2.99 (39 US cents) as of 11:00 on the news. Tencent, which is China’s largest video game developer, edged out its rivals, including Japan’s Sony, to secure the right of first refusal for the acquisition, Hong Kong-based Leyou said in a statement it released on July 10.