Tencent Holdings Buys Leyou Technologies for $1.5 B
Tencent Holdings has actually added another group of video game developers and publishers through a $1.5 B USD acquisition of Leyou Technologies. Leyou investors accepted the offer on Dec. 11, and the deal was officially completed on Wednesday.
Leyou’s holdings consist of U.K.-based Splash Damage, which has dealt with a variety of multiplayer first-person shooter video games for Activision Blizzard and others for many years; Canadian studio Digital Extremes, designer of the popular online action game Warframe, a minority stake in Specific Affinity, who have actually worked on the Call of Responsibility and Halo franchises, and Athlon Games, who is dealing with Amazon on a Lord of the Rings MMO.
Leyou’s studios join Tencent’s growing list of video game holdings consisting of League of Legends and Valorant designer Riot Games, Brawl Stars and Clash Royale developer Supercell, and MMO developer Funcom. The business also holds a considerable minority stake in Fortnite maker Epic Games, and minority stakes in Activision Blizzard, Ubisoft, Krafton, and lots of other computer game business.