Tencent continues its funding spree with its third main deal of 2021.
After a record-breaking yr in 2020 for the variety of investments it made in recreation studios, Chinese language web big Tencent continues that development by making a minority funding in DayZ and Arma studio Bohemia Interactive.
In a blog post, Bohemia stated Tencent has taken a minority stake within the developer, which follows on from Tencent’s investment in Life Is Strange studio Dontnod in January. Bohemia says it should proceed to function independently following the deal.
The precise monetary or organizational phrases of the deal weren’t disclosed, however Bohemia stated it should carry its new PC/cellular recreation Ylands to China.
“We’re happy to deepen our relationship with Tencent, some of the vital web firms on the planet,” Bohemia CEO Marek Spanel stated. “We stay up for engaged on our present and future generations of video games with the help of a powerful companion that has recognized us for a few years and understands our distinctive method to on-line video games.”
A report from Niko Partners confirmed that Tencent made 31 offers in 2020 associated to investments within the video games trade, which is thrice as many offers because it did in 2019. Its largest deal was the $1.5 billion buyout of Leyou, the dad or mum firm of Warframe developer Digital Extremes.
A few of Tencent’s different strikes in 2020 included investing in–but not shopping for outright–the Japanese studio Platinum Video games. Tencent additionally acquired Conan developer Funcom and acquired GTFO studio 10 Chambers.
Tencent now owns or has invested in a large number of gaming firms. It owns Riot (League of Legends), Grinding Gear Video games (Path of Exile), and Supercell (Conflict of Clans), whereas Tencent additionally owns a chunk of Fortnite studio Epic Video games. Tencent additionally has minority investments in Ubisoft, Activision Blizzard, and Bluehole.
To this point in 2021, Tencent has made three main investments in recreation studios, together with fully acquiring Don’t Starve studio Klei Entertainment, in addition to investing in Dontnod and now Bohemia.