Tencent Acquires 1C Entertainment - News
by William D'Angelo , posted on 01 March 2022 / 2,977 Views
Polish game company 1C Entertainment announced it has been acquired by Tencent.
The two companies reached a deal in November 2021 as Tencent agreed to buy all the shares owned by 1C Entertainment's previous parent, 1C, to give it a majority stake in 1C Entertainment and all of its subsidiaries.
1C Entertainment and all subsidiaries with 1C in its names will be renamed within six months of the deal's closure.
"We are truly excited by this deal," said 1C Entertainment management board member Tomasz Nieszporski. "It is an amazing opportunity for 1CE to achieve our wildest dreams and aspirations in the video games business.
"Our vision and passion will be now backed by a leading global games company, and I am humbled by the unique chance of working together with Tencent and the other top creative minds that are part of its global ecosystem."
Tencent Games Global Chief Technology Officer Li Shen added, "We couldn’t be more pleased to work with the talented team at 1C Entertainment, supporting them as they embark on a new phase of growth."
The most popular games from 1C Entertainment include IL-2 Sturmovik, King's Bounty, Men of War, and the Space Rangers.
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
Why would this article be written without citing what games 1C entertainment has actually made? I’ve never heard of them.
They are a Russian developer known for Men of War, IL-2 Sturmovik and Distributes/Publishes for Blizzard, Activision, Ubisoft, Bethesda, Warner and a heap more.
Mostly their games are PC titles... But really it's their publishing/distribution reach inside of Russia that is of true value.
It's probably a bad purchase right now with sanctions on the way which should affect the country economically.
Tencent's pockets seem to have no bottom.
Communist :-P
Yeah who da hell are they?
Has Saudi Arabia actually made any acquisitions? I thought they were just investing in certain game companies like Capcom.
Tencent is running rampant though.....
Essay Pro