image: Mediatonic / Housemarque / Turtle Rock / Money photo by Ozan Kose (Getty Images) The video game industry went on a shopping spree in 2021. During the year, a handful of larger companies consistently bought up a shipload of smaller companies at a rate that announced a new acquisition every few weeks. All of ...
Developer Remedy has signed a global agreement for Project Vanguard with Tencent. Today it was announced that Remedy has signed a global development, license and distribution agreement with Tencent for the cooperative multiplayer game Project Vanguard The project, codenamed Vanguard, is Remedy’s own IP. It’s a free, cooperative PvE shooter that combines Remedy’s narrative expertise ...
Screenshot: Activision / Dependent_Secret6125 call of Duty is a sprawling machine with complex moving parts that is spread across multiple games and studios and is currently overheating, especially on consoles. For days players have been complaining that 2019 Modern Warfare is as good as broken while even War zone Players are facing new problems after ...
The world’s leader in video games, Tencent, seems really insatiable. In fact, the Chinese holding company decided to end the year by announcing the acquisition of Turtle Rock Studios. The size of the deal was not disclosed. A buyout with no immediate consequences for the studio In a statement, Tencent said the studio won’t see ...
One of the best known features of Tencent is your ability to buy and invest in different companies. The Chinese company is one of the most important in the industry, thanks to fantasy works or for getting Sumo Digital. Now, Tencent has announced that Turtle Rock Studios becomes his property. We are talking about the ...
Tencent, the Chinese megacorporation that already owns or is a large shareholder of numerous video game companies, bought Turtle Rock (developer of Back 4 Blood) in the last hours. The decision was confirmed by both companies, which commented that Turtle Rock operations will remain the same and that there will be no effect on the ...
Tencent acquires a minority stake in Yooka Laylee developer Playtonic Games. Playtonic Games confirms that Tencent has acquired a minority stake in the developer of Yooka-Laylee. The studio says it will retain “full creative control of its IP” and use Tencent’s investment funds to move from its current structure to a larger one. “Playtonic … ...
Image: Playtonic In a bit of a shock announcement earlier this week, Playtonic – the UK developer comprised of former Rare veterans and known for titles such as Yooka-Laylee – revealed Tencent had acquired a minority stake in the business. If it’s got you wondering what’s next, in an interview with friends over at GameIndustry.biz, ...
In the long list of potential future masters of the modern world, the giant Tencent is undoubtedly at the top. Accustomed to massive investments in the video game sector, the Chinese company is now targeting the ex-rarities of Playtonic who want to benefit from it. Founded in 2014 by a few fine flowers from the ...
Bloomberg reports today that Chinese gaming firm Tencent has quietly purchased Japanese developer Soleil who are best known for the Nintendo Switch games Ninjala and who helped create Travis Strikes Again: No More Heroes. The move is a part of a talent acquisition to bolster Tencent’s game studios. The Chinese company has taken a whopping ...
