Dying Gentle developer Techland raised the Tencent flag as we speak, asserting that the Chinese language gaming conglomerate Tencent will quickly change into the corporate’s largest shareholder.
“At present I’m glad to announce the partnership with Tencent who’re within the strategy of changing into Techland’s majority shareholder,” Techland CEO Pawel Marchewka stated. “Teaming up with Tencent will permit us to maneuver full pace forward with the execution of the imaginative and prescient for our video games. We have now chosen an ally who has already partnered with a number of the world’s best videogame firms and helped them attain new heights whereas respecting their methods of doing issues.”
Marchewka described Tencent as “like-minded mates and robust companions, who share the identical imaginative and prescient, ardour, and have the willingness to again it up with their information, expertise, and capabilities.” The purpose of the deal, he stated, is to assist be certain that the open-world ARPG Techland has in improvement “will dwell as much as the expectations for our first new IP in nearly a decade.”
“We are going to retain full possession of our IPs, maintain inventive freedom, and proceed to function the best way we consider is true,” Marchewka stated. He’ll even be staying on as Techland’s CEO.
We have stated it earlier than but it surely’s value repeating for emphasis: Tencent is a large participant within the international gaming business, with investments in (or outright possession of) Riot Video games, Epic, Grinding Gear, Supercell, Yager, Ubisoft, Activision Blizzard, Fatshark, Turtle Rock, Treatment, Klei, and others. However publicly, not less than, it appears to have taken a largely hands-off method with all of them, and assuming that sample continues it implies that followers of Techland and its work should not have to fret an excessive amount of about any abrupt, sudden adjustments in path.
Tencent is one among China’s largest tech firms but it surely suffered an actual downturn in fortunes by means of 2022, wrought by a mix of the nation’s crackdown on the tech business, strict Covid-19 restrictions, and an general financial slowdown. Its share value has bounced again significantly since then, although—to not where it was in the course of the heady days of early 2021, however near double what it was in late 2022—and a brand new funding in a Western studio might be seen as a sign that Tencent is not less than beginning to return to kind and motion.
Techland declined to remark additional on the specifics of the deal.