As we can read in the Swedish media Di Digital, Tencent come to the rescue of Stunlock Studiosthe company will leave Battlerite, which we announced a few days ago, which has been severely cracked.
Tencent accounts for about 31% of Stunlock Studios’ shares
Stunlock Studios did it with a relatively successful 2016 thanks to Battlerite recommending more 300,000 players in its first month of lifealong with unos benefits of more than 4 million euros. The title’s popularity has waned over the years, including having won an independent game Battle Royale (Battlerite Royale).
During the 2018 financial year, the company reported a deficit of 308,443 euros, which raised alarms and made the decision to draw up a so-called control balance because it was believed that more than the capital would deteriorate. At the same time, they were trying to make money from external sources.
The Chinese giant Tencent, which seems to be close to all the interesting companies in the video game industry, came to the rescue and decided to buy more than a third of Stunlock Studios’ shares for $ 4 million.
With this investment, Tencent addresses the company’s main shareholder, followed by CEO Rickard Frisegård and game development manager Peter Ilves with approximately 11% of the shares each.
We are facing a purchase that saved the company with Cede Skövde, Sweden, and which was certainly involved in the future project, as they mentioned in the letter that would complete the Battlerite project.
If you did not know, Tencent has gained significant participation in recent years in companies such as Fatshark, Grinding Gear game, Blue hole island Funcomin addition to participating in Riot Games, Epic, Supercell, Ubisoft, Paradox, Frontier and Miniclip.
Now the trip has been taken to Stunlock Studios, which has had to sell about 48% of its shares in order to move forward with new projects.
tak a @ Fedix17 upon notification of the news.