Yesterday, Kotaku reported that Tencent wants to buy the British game maker Sumo Group for a staggering $ 1.3 billion. Today we report that the Chinese conglomerate has acquired a majority stake in Stunlock Studios.
Sweden-based Stunlock Studios is best known for free-to-play Fight ritewho climbed up Steam’s sales table and which ones Kotaku called “true MOBA. ”
Here Stunlock explains how the deal came to fruition in an official announcement:
The two companies started working together back in 2016 when Battlerite was launched in China. In 2019 Tencent acquired a minority stake in Stunlock Studios. With this new deepened partnership, Stunlock Studios will continue to develop games independently, supported by strategic support from Tencent.
“We have known Stunlock for a long time – and we are very impressed with it,” said Michelle Liu, Global Head of Tencent Games. “We continue to strive to work with the world’s most talented development teams to bring the highest quality games to the industry.”
This is just the latest move by Tencent to expand its gaming empire with a majority stake in Stunlock Studios. The company buys and invests in a wide variety of game manufacturers. Here is a quick summary:
- Riot Games (Tencent owns a 100 percent stake)
- Epic Games (40%)
- Don’t nod (23%)
- Activision Blizzard (5%)
- Ubisoft (5%)
- Paradox (5%)
More than Kotaku noticed earlier, Tencent has also made smaller investments in companies like Platinum Games and Bohemia Interactive. (Hint: Tencent also owns
“Tencent’s new investment shows great confidence in us to deliver high quality titles with our focus on gameplay,” said Rickard Frisegård, Head of Stunlock Studios. “It will give us the opportunity to share our great vision for V increases, our current game in development, and help us with future ventures in order to expand as a studio in the long term. ”
Undoubtedly, this will not be the last company Tencent has bought a controlling stake in.