Tencent snaps up majority stake in Kuro Games
pcgamesinsider.bizTech and entertainment giant Tencent has acquired a majority stake in Chinese developer Kuro Games.
That's according to Gematsu, which reports that the company has snapped up a new 37 per cent stake in the company. Along with its existing 14.4 per cent ownership, Tencent now owns 51.4 per cent of Kuro Games. It is also the only external shareholder in the studio. There's no indication as to how much this 37 per cent stake cost Tencent.
In an internal memo, Kuro wrote that Tencent has promised to take a more hands-off approach to managing the company – the studio will remain independent. This is how the Chinese giant has overseen firms such as League of Legends maker Riot Games and mobile behemoth Supercell.
Tencent initially invested in Kuro back in 2023. The studio was founded back in 2014 and recently released Wuthering Waves on Steam earlier this year.
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