Analysts: Tencent paid almost $1.6 billion for its stake in Techland
In July 2023, Tencent bought a key stake in the authors of Dying Light. The amount of the transaction was not officially disclosed. According to the Polish consulting company Navigator Capital and the analytical platform Fordata, the purchase of shares cost Tencent 6.3 billion zlotys or $1.58 billion.
Dying Light 2
According to analysts, Tencent has acquired a total of 67% of Techland shares.
According to Navigator Capital and Fordata, the deal between Tencent and Techland became the largest in Poland in 2023. For comparison, the second largest transaction in the Polish market was the takeover of the bookmaker STS Holding by Entain for 3.9 billion zlotys ($980 million) in August 2023.
Recall that Techland called the deal with Tencent "a new chapter in the company's history." The developers stated that thanks to the partnership, they will be able to implement the vision of their games very quickly. Under the terms of the deal, Techland retained creative freedom and rights to the created intellectual property, and the management has not changed — Techland founder and CEO Pavel Marchewka continued to lead the company.
In 2022, Business Insider awarded Techland the title of the most expensive gaming company in Poland. It estimated the market value of the developers at 10.56 billion zlotys ($2.2 billion at the exchange rate at that time). In addition, in February 2023, Marchevka took fifth place in the ranking of the richest residents of Poland according to Forbes, - his fortune was estimated at $ 1.86 billion.
