Yesterday, Kotaku reported that Tencent wants to buy the British game maker Sumo Group for a striking $ 1.3 billion. Today we report that the Chinese conglomerate acquired a majority stake in Stunlock Studios.
Stunlock Studios is based in Sweden and is best known for free-to-play Battlerite, who climbed on top Steam sales map, and which Kotaku cold and “real MOBA. ”
Here Stunlock explains how the agreement was fulfilled in an official announcement:
The two companies began their collaboration back in 2016, when they launched Battlerite in China. In 2019, Tencent acquired a minority stake in Stunlock Studios. With this new, in-depth partnership, Stunlock Studios will continue to develop games independently, while being supported by Tencent’s strategic support.
“We’ve known – and been very impressed with – Stunlock for a long time,” said Tencent Games Global CEO Michelle Liu. “We continue to look at working with the most talented development teams in the world to bring the best games to the industry.”
This is just the latest move from Tencent to expand its gaming empire with a majority stake in Stunlock Studios. The company has bought and invested in a wide range of game manufacturers. Here is a short summary:
- Riot Games (Tencent owns a 100% stake)
- Epic Games (40%)
- Dontnod (23%)
- Activision Blizzard (5%)
- Ubisoft (5%)
- Paradox (5%)
Plus, like Kotaku previously noted, Tencent has also made smaller investment companies such as Platinum Games and Bohemia Interactive. (Note: Tencent also owns the video game site Fanbyte.)
“Tencent’s new investment shows great confidence that we deliver quality titles with our focus on games first,” said Stunlock Studios CEO Rickard Frisegård. “It will give us the opportunity to realize our great vision for V Ascending, our current game in development, and help us in future ventures, expanding long-term as a studio. ”
This is undoubtedly not the last company Tencent buys a majority stake in.