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Tencent Buys Up Back 4 Blood Devs Turtle Rock, Its Sixth Studio Purchase In 2021
17.12.2021
Today, one of the largest companies in the world, Tencent, announced it acquired Turtle Rock Studios, the developers behind the recently released zombie shooter Back 4 Blood. The deal is just the latest in a long list of acquisitions over the last few years for the Chinese tech giant, including...
Chinese Gaming Giants Lose Eight Bethesdas In Value Amid Government Crackdown
9.9.2021
Bloomberg reports that the value of China’s largest gaming companies, Tencent and NetEase, plummeted dramatically during an overnight stock selloff, resulting in losses totaling more than $60 billion between the two. To put that in perspective, that’s about eight times what Microsoft spent...
Tencent Now Owns Majority Of Spec Ops: The Line Studio
22.6.2021
Tencent has acquired a majority stake in Yager, a German-based game studio best known for the third-person shooter Spec Ops: The Line. Yager announced the news in a press release this morning.Read more