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Tencent officially acquires Splash Damage parent Leyou in $1.5 billion deal

The ink has dried on Tencent’s acquisition of Leyou Applied sciences, that means the Chinese language online game and generation large now owns Splash Injury, Virtual Extremes, and a handful of alternative builders obtained through Leyou through the years.

Previous within the yr, information broke that Tencent used to be having a look to procure Leyou. The deal, a $1.five billion acquisition, used to be formally showed through Tencent shareholders as of late and studios concerned within the deal like Splash Injury have weighed in on their very own websites.

“We’ve at all times been devoted to making team-based video games that spark friendships and construct passionate communities, and we try to paintings with companions who consider in that undertaking,” reads a remark from Splash Injury CEO Richard Jolly.

“In our many discussions with Tencent, it turned into transparent that they now not best consider in that undertaking however will do the whole thing they may be able to to allow and empower us to understand it. That is going to be a daring new section for our studio, with a great line-up of bold video games that ship on what Splash Injury is all about. We couldn’t be extra excited.”

At the Virtual Extremes facet of items, the Warframe developer says in its personal remark that the deal may not have an effect on construction of the sport and that it expects to retain ingenious independence below Tencent because it had below Leyou.

This deal extends Tencent’s huge succeed in within the sport business. Along with those new acquisitions, Tencent owns studios like Rise up Video games, Funcom, and Shark Mob on best of investments in Supercell, Epic Video games, Frontier Trends, Activision Snowstorm, Ubisoft, and plenty of extra. 

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