Techland Will See Its Majority Shares Sold To Tencent

gameranx.com:

Techland has revealed that Chinese conglomerate Tencent will be taking majority ownership of the shares of the Polish game developer .

As reported by Windows Central, Techland CEO Pawel Marchewka revealed the news in a public post on the company’s website.

This isn’t quite the same situation as Tencent’s other acquisitions. Techland continues to be a privately held company, and retains all the ownership of their IPs. Pawel will also stay as the company’s CEO, and the company will continue to operate and create as they see fit.

So this arrangement seems to be mostly about securing finances for the company, and it is one that Tencent seems more than happy to enter into.

In Pawel’s own words:

“Teaming up with Tencent will allow us to move full speed ahead with the execution of the vision for our games. We have chosen an ally who has already partnered with some of the world’s finest video game companies and helped them reach new heights while respecting their ways of doing things.”

Given how long we had been covering the Microsoft Activision deal, it may seem odd to reexamine this, but Tencent, as well as other companies like the Saudi PIF and Embracer Group, have been in the business of acquiring game companies in part or in whole for nearly a decade now.

This isn’t exactly the same thing as Microsoft or Sony buying game studios. Rather than consolidation, these companies have seen the continued growth of the video game industry, even among smaller and less famous games. While many of these companies have been investing in Activision, EA, and Nintendo, they have been making bigger waves taking full acquisition of smaller companies.

It’s also a unique situation for Techland as well. Intriguingly, just like CD Projekt RED,