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#Tencent is taking majority stake in Techland – Destructoid

Tencent is taking majority stake in Techland – Destructoid

Latest years have seen a number of billion-dollar acquisitions and mergers happen within the gaming trade, and it appears the pattern isn’t slowing down quickly. Though the shake-up may result in studios receiving the capital they should execute extra bold concepts, it additionally comes on the danger of making anti-competitive monopolies.

Techland is among the newest studios to make headlines, because it has lately been revealed that Tencent is within the means of changing into a majority stakeholder within the studio.

Jumping from roof in Dying Light 2.
Picture through Techland

Tencent and Techland

Based in 1991, Techland is a Polish studio most recognized for the first-person survival horror franchise Dying Gentle. On July 24, the studio introduced that Tencent is within the means of changing into a majority stakeholder in Techland. This transfer was motivated by the assumption that “one of the best, boldest desires can solely be achieved whereas working side-by-side with like-minded mates and powerful companions”.

Though it’s a large step for Techland, the studio has assured gamers that it nonetheless has its sight on making Dying Gentle the “final zombie sport expertise for gamers worldwide”. Moreover, Paweł Marchewka will proceed to function CEO.

Tencent, an enormous Chinese language tech and leisure conglomerate, has its fingers in fairly just a few pies. Along with its 40% stake in Fortnite‘s Epic Video games, it additionally has a 100% stake in Again 4 Blood‘s Turtle Rock Studios and a 9.99% stake in Ubisoft, to call however just a few of its international investments.

Microsoft has additionally been rising its steady of gaming studios, with the Activision Blizzard acquisition having been lately authorised by the European Union. This can have an enormous affect on the gaming panorama, although Microsoft and Sony have agreed to maintain Name of Responsibility a multiplatform title, at the least for now.

Smangaliso Simelane

Freelance Author – Smangaliso Simelane is a author with a ardour for all issues associated to video video games. He has been writing about video video games since 2020.

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