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Max Payne Finland Tencent Remedy 14

30.04.2024 - 02:13

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gamesindustry.biz:

Tencent has increased its shareholding investment in Remedy Entertainment to 14%.

The conglomerate previously held 5% of shares and voting rights of the Finnish game studio.

Tencent initially acquired a 3.8% stake in the Alan Wake 2 studio back in May 2021.

Later that year, Remedy entered a global agreement with the firm as its publishing partner to develop Vanguard.

Last month, Remedy reported its financial results for 2023, which showed a 22.2% decrease in revenue to €33.9 million.

Among its projects currently in development are the remakes for Max Payne 1 and 2.

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