These Tencent acquisitions seem to be a dime a dozen. Battlerite
Stunlock Studios announces
that Tencent is now its majority shareholder.
Stunlock Studios and Tencent Holdings Ltd. said today they
are strengthening their collaboration with a new investment agreement. Under the
deal, Tencent becomes Stunlock Studios’ majority shareholder, empowering the
studio behind the critically acclaimed game Battlerite, with access to Tencent’s
wide experience in the game industry and valuable development tools. At the same
time, Stunlock Studios will maintain both its identity and corporate structure.
The two companies began their collaboration back in 2016, when launching
Battlerite in China. In 2019, Tencent acquired a minority stake in Stunlock
Studios. With this new, deepened partnership, Stunlock Studios will continue to
develop games independently, while being backed by Tencent’s strategic support.