Tencent Acquires Minority Stake in Dontnod Entertainment - News
by William D'Angelo , posted on 01 February 2021 / 1,698 Views
Life is Strange and Tell Me Why developer Dontnod Entertainment announced Tencent has acquired a minority stake in the company for €30 million.
Tencent, due to its investment, has an option to propose the appointment of a representative on the Dontnod Entertainment Board of Directors. The funds raised will be used to finance Dontnod's strategy to develop new self-published intellectual properties worldwide on PC, consoles, and mobile platforms.
"We are delighted to welcome Tencent as a DONTNOD investor," Dontnod Entertainment chairman and CEO Oskar Guilbert. "This is a real expression of trust from a key online game leader, which is behind a number of success stories and has invested in several leading companies in the video game industry.
"Through this partnership, DONTNOD is perfectly positioned to take advantage of the various growth drivers in the video game industry, in particular in China and on mobile platforms, in cooperation with an industry leader.
"The capital increase announced today will enable us to step up and boost the roll-out of our development plan, which aims to capture more value from our original creations by self-publishing more games."
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
More Articles
Fuck off Tencent
Can someone please Tell Me Why this is happening?
You can leave the room now lol
Please no I don't want microtransactions and ads anymore in games
China should be banned from investing in any company.
chinataking over gaming world... slowly but surely
China taking over world... slowly but surely.
China will be the cause of WW3 eventually.
Whispers of a hostile take over take 2 is in the works.
First the silk road of trade routes, now the games industry, and people think I'm cray cray for saying China is trying to take over passive aggressively.
Well they are playing by the economic rules set up by the west.... so yeah, it was expected that sooner or later they will invest in gaming.
Essay Pro