Tencent announced the acquisition of another game studio to add to its portfolio of game companies. He is now part of the group, indeed, slamfirethe controlling company Turtle Rock Studiosor the software vendor recently responsible for Back 4 Blood.
Even Back 4 Blood in the hands of Tencent
Turtle Rock will continue to act as “independent study”while the seat will remain at California and the co-founders Phil Robb And Chris Ashton they will continue to lead the software house. The studio said the acquisition would allow it to grow and expand its ambitions for Back 4 Blood.
“We will continue to communicate transparently with all of you, provide updates on all of our progress via our Trello board, and expand on what makes Back 4 Blood so special”reads a statement released by Turtle Rock. “Furthermore, we have the ability to do something we’ve never done before as a studio: namely, turn a universe we’ve created into a true, long-running AAA franchise. Now we can ensure that the Back 4 Blood franchise is here to stay.” and we will also work on it in the future”.
Founded in 1998, Tencent has steadily grown in the video game industry, to become a major player in the market. Riot Games, Funcom and Fatshark these are all studios controlled by Tencent, which also has significant stakes in Epic Games, Bluehole, Ubisoft, Activision Blizzard, Frontier Developments and Paradox Interactive. Among recent acquisitions, playtonics, in which Tencent acquired a minority stake; And Sumo Groupa UK development studio with 14 offices around the world.
In 2020 alone, Tencent has invested in 31 different video game companies. However, the Chinese authorities’ crackdown on video games has had a significant impact on Tencent’s share price, which remains well below its February peak.
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