Tencent has bought a majority stake in Yager Studio, known for Spec Ops: The Line
Tencent remains the most active company in the gaming investment market. This time, the Chinese giant has acquired a majority stake in the Berlin studio Yager. The developers are known for Spec Ops shooters: The Line and The Cycle.Spec Ops: The Line
Information about this appeared on the German website GamesWirtschaft.de .
The amount of investment and other financial details of the transaction were not disclosed. It is known that the founders of Yager will retain their positions and continue to manage the company.
According to the head of the studio Timo Ullmann, Tencent’s interest in the studio confirms the huge potential of the free-to-play online shooter The Cycle.In February 2020, Tencent has already invested in Yager. Then the Chinese company acquired a minority stake. The German studio planned to spend the funds raised on the independent publication of future games and support for The Cylce, which was released in early access in the Epic Games Store.
Yager gained the greatest fame thanks to the military shooter Spec Ops: The Line. Despite several awards and good reviews from critics, the game sold poorly and did not meet the expectations of the publisher 2K. After that, the company decided to try itself in the segment of fritupley titles, and Tencent just has the necessary expertise in this area.This year, the Chinese giant has become even more aggressive in the M&A market, closing a new deal on average once every 2.5 days. Tencent is also investing much more in Western companies, trying to gain a foothold in markets outside China. Among other things, the company has opened its fifth office in the USA for these purposes.
