page contents Tencent has purchased a majority stake in Bohemia Interactive, report claims – The News Headline

Tencent has purchased a majority stake in Bohemia Interactive, report claims

Chinese language media conglomerate Tencent has bought a sizeable stake in Bohemia Interactive, in keeping with a brand new file on The Knowledge. The DayZ and Arma three developer joins Epic Video games and Supercell (identified for cellular titles like Conflict of Clans) some of the primary studios and corporations Tencent owns a stake in. 

In step with the file, Tencent paid $260 million for the 70-80 p.c stake. Based totally within the Czech Republic, Bohemia’s remaining primary liberate used to be Ylands, despite the fact that it continues to roll out updates for each Arma three and DayZ. In 2018, Bohemia partnered with Tencent to put up Ylands by itself WeGame platform. 

In step with analyst Daniel Ahmad chatting with The Knowledge, Tencent’s funding is a bid to compete with NetEase, which distributes Minecraft in China. “Tencent is filling an opening in PC sandbox video games as they don’t have their very own self-published titles,” he stated.

It is been a hectic 12 months for Tencent. The corporate bought Conan Exiles studio Funcom previous this 12 months, invested in Spec Ops studio Yager, and extra just lately, took over building of Gadget Surprise three. Tencent owns Insurrection Video games too, which just lately shipped Valorant.

I have reached out to Bohemia Interactive for remark, and can replace if I listen again.

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