When listing according to the sales and revenues made in the game world, the studios we all know lead the way, but there is a hidden power in the background. That’s Chinese game and content giant Tencent.
Tencent is taking over the gaming world
Recently, huge purchases have been on the agenda in the game world. Microsoft bought the Activision-Blizzard merger for approximately $70 billion, while Take-Two Interactive bought Zynga for $12.7 billion. Sony bought Bungie for $3.7 billion.
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While these developments are taking place, Tencent does not want to be idle. He has full shares in companies such as Riot Games and Turtle Rock with his investments to date. He has a large stake in companies such as Tequila Works and Miniclip. He manages 5 percent of Activision, 84% of Supercell, 40 percent of Epic Games and an unknown stake in Roblox.
Tencent, which earned $33 billion in revenue last year, aims to increase its weight even more in the coming period. In the first place, it is possible to get a large share from the developers of CD Projekt RED and People Can Fly. It will then turn to companies with low stakes such as Remedy and Techland.
While Tencent was comfortable in the past, it started to see reaction from the game world, especially with the beginning of tensions. Guillemot Bros., of which he bought 50 percent of the shares. Limited was unable to gain full control when it disposed of its remaining shares. In addition, within the scope of the agreement, its share in the umbrella company Ubisoft cannot exceed 9.9 percent for 8 years.
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