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Tencent acquires minority stake in Life Is Strange developers DontnodFor a bit more than ten cents
For a bit more than ten cents
Tencent’s desire to throw cash at game development studios continues. The media conglomerate has now made an investment in Dontnod Entertainment ofLife Is StrangeandTell Me Whyfame. It’s a minority stake, not an acquisition, but represents another developer that Tencent are linking themselves to this year.
Dontnodannounced the investmenttoday, a total of €30 million (about £26.5 million) which they say “will mainly be used to finance the ramp-up of Dontnod’s strategy to develop new self-published intellectual properties worldwide on PC, consoles and mobile platforms”. The two companies have also signed a business cooperation agreement.
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Unlike Tencent’sinvestemnt in Klei Entertainmentthat was announced last week, their €30 million to Dontnod represents a minority stake in the company. According to the announcement, this gives Tencent the ability to propose the appointment of a representative to the Board of Directors.
Tencent have acquired multiple game studios such as Riot Entertainment and Funcom over the years. More recently they’ve acquired Splash Damage, and Digital Extremes parent company Leyou and purchased a majority stake in Klei Entertainment.
Ta,Daniel Ahmad.
