Tencent Becomes Majority Investor in Tequila Works

gamerant.com:

Spanish developer Tequila Works is best known for puzzle platformers like 2012’s Deadlight, 2017’s Rime, and the Stadia exclusive Gylt. It’s also working on Song of Nunu: A League of Legends Story for publisher Riot Games.

However, the company may no longer be as independent as it used to be. Tequila Works recently announced that Chinese technology firm Tencent is now the studio’s majority shareholder.

PUBG Mobile is Crossing Over With Warframe

Tequila Games announced its new relationship with Tencent in a recent tweet and an accompanying press release. It’s unclear if this was the result of a direct negotiation been Tencent and Tequila, trades between independent stakeholders, or a combination of the two. However, statements from Tequila executives appear to suggest a direct agreement between the two companies.

According to CEO Raúl Rubio, the studio is approaching the limits of what it can accomplish without the support that only a larger company can offer. Rubio and the other Tequila Works executives seem to feel that Tencent will give Tequila Works the resources they need while still providing the studio the freedom to pursue the projects its developers are passionate about.

Rubio went on to praise Tencent, saying, “They’re a partner that can appreciate the value of top creative talent with originality as their banner.” He goes on to explain how Tencent respects Tequila Works' independence and added, “This partnership will allow us to focus on taking the original IPs we are known for to greater heights and create the best experiences we can dream of.” Tequila Works Chairwoman Luz Sancho expressed a similar sentiment. She assured fans that this is an opportunity for the studio to bring its games to a larger audience while