Tencent, which recently bought the British game developer studio Sumo Group for $1.3 billion, is now buying the majority stake in Stunlock Studios.
Tencent, which is a China-based IT company and mostly works on games, continues to invest.
Tencent Acquires Stock in Stunlock Studios
Tencent, which recently bought the UK-based game developer studio Sumo Group, is now buying a majority stake in Sweden-based Stunlock Studios. Stunlock Studios is mostly known for its MOBA-style Battlerite game.
Tencent and Stunlock’s partnership actually started in 2016, just before Battlerite’s release. Following this cooperation, Stunlock will continue to develop games independently with the strategic support provided by Tencent . It should be noted that Tencent has accelerated its investments recently.