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Amazon Cancels Plans for 'Lord of the Rings' Massively Multiplayer Game Todd Spangler, provided by FacebookTwitterEmail More from Variety Amazon had inked a deal to develop the free-to-play console/PC game title with Leyou Technologies, a Hong Kong-based games company. After Chinese media and entertainment conglomerate Tencent Holdings acquired Leyou in December 2020 in a deal worth $1.5 billion, Amazon and Tencent failed to reach a deal on revised contract terms for the “Lord of the Rings” game, as first reported by Bloomberg — resulting in Amazon Game Studios bailing on the project. ...

Tencent secured more mergers and acquisitions in the games space than any other company last year. That's according to a report by Niko Partners, which shows the Chinese games and technology giant invested in 31 deals related to the games industry. The analysis specialist reports this is a record number for the company, three times more than it managed in 2019 and more than four times higher than the number of M&A deals it did in 2017. Tencent's investments were a mix of acquisitions, mergers, minor and major stakes, and funding rounds. The majority -- 23 out of 31 -- involved other Chinese ...

The Chinese tech conglomerate continues its expansion into gaming. Tencent now owns Digital Extremes’ parent company, Leyou Technologies, though the Warframe developer was quick to reminded fans it’ll “remain creatively independent.” The acquisition of Leyou Technologies was sealed with a $1.5 billion deal, and included developers Splash Damage (Gears Tactics) and Athlon (Amazon’s upcoming Lord of the Rings MMO) alongside Digital Extremes. Digital Extremes assures fans Tencent buyout will not affect Warframe. Digital Extremes posted a brief and concise statement on their website s...

'); } The ink has dried on Tencent's acquisition of Leyou Technologies, meaning the Chinese video game and technology giant now owns Splash Damage, Digital Extremes, and a handful of other developers acquired by Leyou over the years. Earlier in the year, news broke that Tencent was looking to acquire Leyou. The deal, a $1.5 billion acquisition, was officially confirmed by Tencent shareholders today and studios involved in the deal like Splash Damage have weighed in on their own sites. “We’ve always been dedicated to creating team-based games that spark friendships and build passionate c...

Warframe dev will remain “creatively independent” following Tencent buyout Earlier this month, Tencent revealed that it’s purchasing Leyou Technologies, which you may recognise as the parent company of Warframe developer Digital Extremes among other studios such as Splash Damage, King Maker, and Radiance. Now, in a message to players, Digital Extremes has moved to assure fans that the developer’s creative independence will remain intact despite the change of parent company. “We will continue to create great content for Warframe, and we will remain creatively independent,” the stud...