Page 28 - Splash Damage News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 ...

Klei Entertainment founder Jamie Cheng announced in a forum post today that the studio has agreed to Tencent's purchase of a majority stake in the developer behind Don't Starve, Oxygen Not Included, and Griftlands. In a forum post, Cheng says Klei will retain "full autonomy," and that there will be no changes to staffing, projects, or other operations. "Klei has been around for 15 years, and we have made many changes over the years in order to respond to a changing world," Cheng says. "Consistently, my wish has been to enable people to do their best creative work, to learn and grow, to not ha...

Warframe developer insists nothing changes creatively after acquisition by Tencent 'Creatively independent' Tencent, a stupidly massive Chinese conglomerate, got a little bigger recently. It added Leyou's assets to its portfolio thanks to a new acquisition. Leyou likely isn't a name you recognize, but some of its studios will ring a bell. Most notable, Leyou is the parent company of Digital Extremes, which is the developer of Warframe. That's right -- the free-to-play darling Warframe is now a Tencent property. Following the acquisition, Digital Extremes has been quick to insist that this ...

Tencent Holdings has added another group of game developers and publishers through a $1.5B USD acquisition of Leyou Technologies. Leyou

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...