Tencent buys majority stake in Spec Ops: The Line developer Yager
Tencent Holdings has announced it’s acquired a majority stake in much lauded shooter Spec Ops: The Line developer Yager.
In a statement, the companies said that they were “deepening their strategic cooperation through a new agreement involving additional investment” with the deal. Apparently, it will allow the German studio to maintain its independence, but will allow them to “gain great access to the tech giant’s development and other resources.
A statement from the studio’s managing director Timo Ullmann said: “Tencent’s new investment shows a great deal of trust in us and confidence in the huge potential behind the creative pivot of ‘The Cycle’, our high-stakes PvPvE shooter. For us, the majority stake means we have the resources to expand the studio and the games in development. With Tencent we now have a powerful, globally operating partner to support our strategic plans for YAGER.”
The two companies first entered into a partnership in February of last year. At that time, Tencent only bought a minority stake in the company. Tencent already owned stakes in Activision Blizzard, Epic Games, Miniclip, and Ubisoft at the time and is also the owner of Riot Games.
Yager was working on Dead Island 2 all the way back in 2014, but was removed from the project a year later. The company’s latest game is The Cycle, a PvPvE shooter currently in Early Access on PC.
on PC, PlayStation 4, Xbox One
31 December 2019